NBCC (India) shares gain 3% on bagging ESIC order worth Rs 440 crore

By: | Updated: September 21, 2016 4:52 PM

NBCC (India) shares gained as much as 3 per cent in morning deals on Wednesday after the company informed bourses that it received order amounting around Rs 440 crore from ESIC,

Sensex nifty bse nseNBCC (India) shares gained as much as 3 per cent in morning deals on Wednesday after the company informed bourses that it received order amounting around Rs 440 crore from ESIC, (Photo: Reuters)

NBCC (India) shares gained as much as 3 per cent in morning deals on Wednesday after the company informed bourses that it received order amounting around Rs 440 crore from ESIC, Ministry of Labour & Employment, Government of India for construction of 100 bedded hospital(s) at Haridwar & Dehradun (Uttarakhand) and 300 bedded hospital at Indore, Madhya Pradesh. At 10.54 am, shares of the company were trading 2.04 per cent up at Rs 257.30. The scrip opened the day at Rs 258.90 and has touched a high and low of Rs 259.90 and Rs 256.10, respectively, in trade so far. Later, the scrip ended 0.50 per cent up at Rs 253.40.

For the quarter ended June 30, 2016, the company reported a consolidated net profit of Rs 47.10 crore, up 16.40 per cent, against Rs 40.46 crore in the same period last year. Consolidated operating profit of the company jumped 19.13 per cent year-on-year to Rs 80.86 crore for the quarter under review. It had posted a consolidated operating profit of Rs 67.88 crore in the same quarter last fiscal.

In the past one year, shares of the company have risen 34.10 per cent to Rs 252.15 till September 20, whereas BSE Sensex advanced 9 per cent during the same period.

The company is a state-owned firm engaged in the business of project management consultancy services for civil construction projects (PMC), civil infrastructure for power sector and real estate development.

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