Stocks

NBCC shares fall on weak March-quarter results

Reuters | Updated on May 28, 2018 Published on May 28, 2018

Shares of NBCC (India) Ltd fell as much as 3.9 per cent to Rs 94, in their biggest intra-day percentage drop in over 2 months. The civil engineering and construction services provider reported about 14 per cent drop in the March-quarter net profit after market hours on Friday.

Around 2.5 million shares changed hands, compared with 30-day average of about 2.3 million shares.

The company has estimated PE of 37.12 versus sector average 20.47. The stock had shed 20.8 per cent this year as of Friday's close, compared with a fall of 8.8 per cent in the Nifty Infrastructure index.

Published on May 28, 2018
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