NBCC (India) rose 1.37% to Rs 245.05 at 9:19 IST on BSE after the company said that it has secured an order worth about Rs 120 crore from Archaeological Survey of India.
The announcement was made on Saturday, 20 August 2016.Meanwhile, the S&P BSE Sensex was up 27.90 points, or 0.1%, to 28,104.90.
On BSE, so far 6,561 shares were traded in the counter, compared with average daily volume of 2.16 lakh shares in the past one quarter. The stock hit a high of Rs 245.95 and a low of Rs 243 so far during the day. The stock hit a record high of Rs 267 on 13 July 2016. The stock hit a 52-week low of Rs 162 on 12 February 2016.
The large-cap company has an equity capital of Rs 120 crore. Face value per share is Rs 2.
NBCC (India) said that Archaeological Survey of India (ASI), Government of India has executed Memorandum of Understanding (MOU) with the company on 19 August 2016 for assigning work for construction of Institute of Archaeology and UNESCO Category-II Centre at Sector Knowledge Park-II, Greater Noida amounting to about Rs 120 crore.
On a consolidated basis, net profit of NBCC (India) rose 5.9% to Rs 141.48 crore on 38.8% rise in net sales to Rs 2251.14 crore in Q4 March 2016 over Q4 March 2015.
NBCC 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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