 "NCC surges 15% on robust Q3 results")
Shares of NCC has surged 15% to Rs 72.75 on National Stock Exchange (NSE) after reporting an over five-fold jump in its consolidated net profit at Rs 25.57 crore for the third quarter ended December 31, 2014 (Q3) on back of higher operational revenues.
The construction and engineering company had profit of Rs 4.76 crore in a year ago quarter.
Consolidated operational revenue grew 40% year on year at Rs 2,648 crore against Rs 1,879 crore in the corresponding quarter of previous fiscal.
The company has secured orders aggregating Rs 2,891 crore during the quarter under review and the order book stood at Rs 20,755 crore as on December 31, 2014.
The stock opened at Rs 64.40 and touched a high of Rs 73.70 on NSE. The trading volumes on the counter more than doubled with a combined 20.16 million shares changed hands till 1314 hours on NSE and BSE.
The construction and engineering company had profit of Rs 4.76 crore in a year ago quarter.
Consolidated operational revenue grew 40% year on year at Rs 2,648 crore against Rs 1,879 crore in the corresponding quarter of previous fiscal.
The company has secured orders aggregating Rs 2,891 crore during the quarter under review and the order book stood at Rs 20,755 crore as on December 31, 2014.
The stock opened at Rs 64.40 and touched a high of Rs 73.70 on NSE. The trading volumes on the counter more than doubled with a combined 20.16 million shares changed hands till 1314 hours on NSE and BSE.