Noida Toll Bridge stocks gain on value buying

NEW DELHI: Shares of Noida Toll Bridge Company Ltd (NTBCL) gained over 8 per cent in intraday trade on Monday on value buying. The scrip had fallen over 14 per cent on Friday amid indications that the firm would take longer time to recover cost incurred in building the Noida Toll Bridge project.

The comapny operates the DND Flyway between Delhi and Noida.

On Thursday, NTBCL's board decided to seek shareholders' approval for collecting toll from the users of the project till March 2031. Such a move implies that the firm might take longer than expected to recover costs related to the project.