NBCC (India) Ltd.

BSE: 534309 | NSE: NBCC
Small Cap | Engineering Consultancy
121.70
-0.05 (-0.04%)
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NBCC gains on emerging highest bidder for taking over public sector firms

Date: 01-08-2018

NBCC (India) is currently trading at Rs. 71.00, up by 0.40 points or 0.57% from its previous closing of Rs. 70.60 on the BSE.

The scrip opened at Rs. 71.00 and has touched a high and low of Rs. 71.75 and Rs. 70.30 respectively. So far 198890 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 145.88 on 08-Nov-2017 and a 52 week low of Rs. 60.80 on 18-Jul-2018.

Last one week high and low of the scrip stood at Rs. 72.35 and Rs. 66.60 respectively. The current market cap of the company is Rs. 12735.00 crore.

The promoters holding in the company stood at 73.69%, while Institutions and Non-Institutions held 14.79% and 11.52% respectively.

NBCC has emerged as the highest bidder for taking over public sector firms HSCC and Engineering Projects (EPI). The total investment from NBCC towards these acquisitions could be to the tune of about Rs 400 crore. The two acquisitions are estimated to add Rs 14,500 crore to the company’s outstanding order book of Rs 80,000 crore.

NBCC (India) is one of the few public sector companies engaged in the business of project management consultancy services for civil construction projects (PMC), civil infrastructure for power sector and real estate development.