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Govt grants navratna status to NBCC; stock hits record high

The stock has surged 6% to Rs 321 on BSE on back of heavy volumes.

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SI Reporter Mumbai
Shares in National Buildings Construction Corporation Ltd (NBCC) has moved higher by 6% to Rs 321 after the state-owned company said that it has been granted the 'Navratna' status by the government.

The company has been granted "Navratna Status" w.e.f. June 23, 2014 on the basis of its performance upon fulfilling the criteria prescribed by Department of Public Enterprises, NBCC said in a regulatory filing.

The stock opened at Rs 302 and touched a record high of Rs 332 on NSE. The counter has seen huge trading activity with a combined 1.19 million shares changing hands on the counter till noon deals on NSE and BSE.
 

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First Published: Jun 24 2014 | 1:50 PM IST

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