NBCC rose 2.84% to Rs 944.70 at 15:22 IST on BSE after the company said it won construction orders from Indian Culinary Institute.
The announcement was made during trading hours today, 10 December 2015.
Meanwhile, the BSE Sensex was up 220.10 points, or 0.88%, to 25,256.15.
On BSE, so far 70,000 shares were traded in the counter, compared with an average volume of 44,000 shares in the past one quarter.
The stock hit a high of Rs 952 and a low of Rs 918 so far during the day. The stock hit a 52-week high of Rs 1,214.50 on 6 August 2015. The stock hit a 52-week low of Rs 682.60 on 9 February 2015.
National Buildings Construction Corporation (NBCC) and Indian Culinary Institute Society under Ministry of Tourism, Government of India have entered into an agreement on 9 December 2015 for award of work to NBCC regarding planning, designing and construction of Indian Culinary Institute.
The contract from Indian Culinary Institute at Noida, (Uttar Pradesh) amounts to Rs 98.50 crore. The contract from Indian Culinary Institute at Tirupati (Andhra Pradesh) amounts Rs 89.42 crore.
NBCC said it will charge 7% agency charges on actual cost for both the works.
On a consolidated basis, net profit of NBCC rose 12.56% to Rs 68.29 crore on 23.57% rise in net sales to Rs 1117.43 crore in Q2 September 2015 over Q2 September 2014.
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 September 2015).
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