National Buildings Construction Company lost 1.53% at Rs 678.30 at 12:03 IST on BSE, with the stock sliding on profit booking after a recent strong rally.
Meanwhile, the S&P BSE Sensex was up 1.92 points or 0.01% at 27,114.13.
On BSE, so far 5.14 lakh shares were traded in the counter as against average daily volume of 2.58 lakh shares in the past one quarter.
The stock hit a high of Rs 709 so far during the day, which is a record high for the counter. The stock hit a low of Rs 673 so far during the day. The stock had hit a 52-week low of Rs 108.30 on 7 October 2013.
The stock had outperformed the market over the past one month till 18 September 2014, surging 51.15% compared with the Sensex's 2.73% rise. The stock had also outperformed the market in past one quarter, advancing 121.85% as against Sensex's 7.39% rise.
The mid-cap company has equity capital of Rs 120 crore. Face value per share is Rs 10.
Shares of National Buildings Construction Company (NBCC) had rallied a whopping 33.88% in two trading sessions to settle at Rs 688.85 on Thursday, 18 September 2014, from a recent low of Rs 514.50 on 16 September 2014. Recently there was a buzz surrounding strong pipeline of orders for the company. NBCC's Chairman & Managing Director (CMD), Anoop Kumar Mittal was recently quoted as saying that there are projects in pipeline valuing more than Rs 30000 crore to Rs 40000 crore. The company's current order book stands at Rs 17000 crore to Rs 18000 crore.
NBCC's consolidated net profit declined 11.6% to Rs 33.52 crore on 12.1% growth in net sales to Rs 836.69 crore in Q1 June 2014 over Q1 June 2013.
NBCC provides civil engineering construction services in wide gamut of projects of varied nature, complexities & at socio-political geographical locations, both at home & overseas. NBCC has been operating in infrastructure segment as well, wherein it has been executing projects such as chimneys, cooling towers, and various types of power plant works.
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