New orders boost NBCC (India)

NBCC (India) rose 2.44% to Rs 283.60 at 10:42 IST on BSE after the company said it has secured orders worth about Rs 1117.34 crore in September 2016.

The announcement was made after market hours yesterday, 4 October 2016.

Meanwhile, the S&P BSE Sensex was down 62.98 points or 0.22% at 28,271.57.

On BSE, so far 5.65 lakh shares were traded in the counter as against average daily volume of 2.53 lakh shares in the past one quarter. The stock hit a high of Rs 299.20 so far during the day, which is a record high for the counter. The stock hit a low of Rs 280.20 so far during the day. The stock had hit a 52-week low of Rs 162 on 12 February 2016. The stock had outperformed the market over the past one month till 4 October 2016, surging 13.18% compared with 0.69% fall in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 43.07% as against Sensex's 3.87% rise.

 

The large-cap company has equity capital of Rs 120 crore. Face value per share is Rs 2.

NBCC (India)'s consolidated net profit rose 16.4% to Rs 47.10 crore on 15.1% rise in net sales to Rs 1254.31 crore in Q1 June 2016 over Q1 June 2015.

NBCC (India) is a blue-chip Government of India (GoI) Navratna Enterprise under the Ministry of Urban Development, in construction sector. The GoI held 90% stake in the firm (as per shareholding pattern as on 30 June 2016).

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