NBCC (India) moves higher after decent Q1 results

The result was announced after market hours yesterday, 14 September 2016.

Meanwhile, the S&P BSE Sensex was up 7.94 points or 0.03% at 28,380.17.

On BSE, so far 1.10 lakh shares were traded in the counter as against average daily volume of 2.38 lakh shares in the past one quarter. The stock hit a high of Rs 255.65 and a low of Rs 250.30 so far during the day. The stock had hit a 52-week high of Rs 267 on 13 July 2016. The stock had hit a 52-week low of Rs 162 on 12 February 2016. The stock had outperformed the market over the past one month till 14 September 2016, advancing 7.87% compared with 0.78% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 34.76% as against Sensexs 7.49% rise.

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

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).