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NBCC (India) gains after robust Q2 earning

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Capital Market
Last Updated : Nov 16 2017 | 12:01 AM IST

NBCC (India) rose 1.55% to Rs 274.45 at 09:37 IST on BSE after consolidated net profit surged 31.33% to Rs 81.24 crore on 16.22% fall in total income to Rs 1363.58 crore in Q2 September 2017 over Q2 September 2016.

The result was announced after market hours yesterday, 14 November 2017.

Meanwhile, the S&P BSE Sensex was down 89.83 points or 0.27% at 32,852.04.

On the BSE, 1.12 lakh shares were traded on the counter so far as against the average daily volumes of 2.29 lakh shares in the past one quarter. The stock had hit a high of Rs 277.60 and a low of Rs 269.30 so far during the day. The stock had hit a record high of Rs 291.75 on 8 November 2017 and a 52-week low of Rs 138 on 21 November 2016.

The large-cap company has equity capital of Rs 180 crore. Face value per share is Rs 2.

NBCC (India), a blue-chip Government of India (GoI) Navratna enterprise under the Ministry of Urban Development, is present in three segments of operations including project management consultancy (PMC), real estate development and EPC contracting. The GoI held 75% stake in the firm (as per shareholding pattern as on 30 September 2017).

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First Published: Nov 15 2017 | 9:48 AM IST

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