Trending stocks: NCC shares rise over 3%

A total of 1,506,415 shares changed hands on the counter till 11:42AM (IST).

PTI

Total market cap of the NCC Ltd. stood at Rs 2073.48 crore at the time of writing this report. 

NEW DELHI: Shares of NCC Ltd. traded 3.37 per cent up in Thursday's trade at 11:42AM (IST). Around 1,506,415 shares changed hands on the counter.

The stock opened at Rs 33.7 and touched an intraday high and low of Rs 34.4 and Rs 33.15, respectively, in the session so far. Shares of the company of NCC Ltd. quoted a 52-week high of Rs 93.8 and a 52-week low of Rs 15.9.

Total market cap of the NCC Ltd. stood at Rs 2073.48 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 2334.41 crore for the quarter ended 31-Mar-2020, up 2.32 per cent from previous quarter's Rs 2281.4 crore and up 37.93 per cent from the year-ago quarter's Rs 3761.08 crore.

The net profit for latest quarter stood at Rs 75.82 crore, down 59.58 per cent from the corresponding quarter last year.

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Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 17.97 per cent stake in the company, while foreign institutional investors held 14.67 per cent and the promoters 19.57 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 6.16 and a price-to-book ratio of 0.4. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

NCC Ltd. belongs to the Construction & Contracting industry.
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