Noida Toll Bridge Company rose 2.73% to Rs 28.20 at 13:19 IST on BSE on bargain hunting after the stock fell 17.19% in the preceding three trading sessions to Rs 27.45 on 10 July 2015 from Rs 33.15 on 7 July 2015.
Meanwhile, the BSE Sensex was up 267.41 points, or 0.97%, to 27,928.81.
On BSE, so far 4.36 lakh shares were traded in the counter, compared with an average volume of 54,077 shares in the past one quarter.
The stock hit a high of Rs 29.70 and a low of Rs 28.05 so far during the day. The stock hit a 52-week high of Rs 38.40 on 13 November 2014. The stock hit a 52-week low of Rs 26.70 on 10 July 2015.
The stock had underperformed the market over the past one month till 10 July 2015, falling 14.08% compared with 3.06% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 18.30% as against Sensex's 4.22% fall.
The small-cap company has an equity capital of Rs 186.20 crore. Face value per share is Rs 10.
Shares of Noida Toll Bridge Company slumped 14.22% to Rs 27.45 on Friday, 10 July 2015. Noida Toll Bridge Company operates the DND Flyway between Delhi and Noida. The company after market hours on Thursday, 9 July 2015, announced that its board decided to seek shareholders' approval for collecting toll from the users of the project till March 2031.
The stock fell on Friday, 10 July 2015, after media reports suggested that such a move implies that the company might take longer than expected to recover costs related to the project.
Net profit of Noida Toll Bridge Company rose 38.17% to Rs 22.30 crore on 5.78% rise in net sales to Rs 32.22 crore in Q4 March 2015 over Q4 March 2014.
Noida Toll Bridge Company's principal business is operating the bridge and generates revenue mainly through the levy of toll on bridge-users.
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