NBCC (India) gains after winning new orders in July


NBCC (India) rose 1.55% to Rs 243 at 9:23 IST on BSE after the company announced that it has secured a total business of about Rs 344.72 crore in the month of July 2016.
The announcement was made after market hours yesterday, 3 August 2016.

Meanwhile, the S&P BSE Sensex was up 84.26 points, or 0.30%, to 27,781.77.

On BSE, so far 36,000 shares were traded in the counter, compared with an average daily volume of 1.97 lakh shares in the past one quarter. The stock hit a high of Rs 248 and a low of Rs 243 so far during the day. The stock hit a record high of Rs 267 on 13 July 2016. The stock hit a 52-week low of Rs 162 on 12 February 2016. The stock had outperformed the market over the past one month till 3 August 2016, rising 23.93% compared with 2.04% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 18.70% as against Sensex’s 9.78% rise.

The large-cap company has an equity capital of Rs 120 crore. Face value per share is Rs 2.

On a consolidated basis, net profit of NBCC (India) rose 5.9% to Rs 141.48 crore on 38.8% rise in net sales to Rs 2251.14 crore in Q4 March 2016 over Q4 March 2015.

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 June 2016).