NBCC rises on signing MoU with MoHUA

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NBCC (India) is currently trading at Rs. 63.70, up by 1.10 points or 1.76% from its previous closing of Rs. 62.60 on the BSE.

The scrip opened at Rs. 62.60 and has touched a high and low of Rs. 64.45 and Rs. 62.05 respectively. So far 186085 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 90.80 on 13-Jun-2018 and a 52 week low of Rs. 46.55 on 11-Dec-2018.

Last one week high and low of the scrip stood at Rs. 64.45 and Rs. 60.20 respectively. The current market cap of the company is Rs. 11457.00 crore.

The promoters holding in the company stood at 68.18%, while Institutions and Non-Institutions held 17.30% and 14.52% respectively.

NBCC (India) has signed the Memorandum of Understanding (MoU) for FY2019-20 with the Ministry of Housing and Urban Affairs (MoHUA), which outlines performance targets for the company.

The signed MoU outlines performance targets for the company based on various financial parameters, dynamic parameters, sector-specific and enterprise-specific parameters.

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 the power sector and real estate development.

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