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14-Sep2018

NBCC surges on emerging successful bidder for HSCC

NBCC (India) is currently trading at Rs. 69.20, up by 2.35 points or 3.52% from its previous closing of Rs. 66.85 on the BSE.

The scrip opened at Rs. 69.00 and has touched a high and low of Rs. 70.50 and Rs. 67.80 respectively. So far 77477 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. 72.40 and Rs. 65.30 respectively. The current market cap of the company is Rs. 12033.00 crore.

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

NBCC (India) has been selected as the buyer for 100% strategic disinvestment of HSCC at a bid amount of Rs 285 crore from Department of Investment and Public Asset Management (DIPAM), Ministry of Finance, GOI.

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.


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