Hot Pursuit     22-Dec-14
NCC hits 52-week high on foreign fund buying
NCC jumped 5.08% to Rs 87.90 at 11:02 IST on BSE after a foreign fund bought 0.68% stake in the company on Friday, 19 December 2014.

Meanwhile, the BSE Sensex was up 65.98 points, or 0.24%, to 27,437.82

On BSE, so far 15.53 lakh shares were traded in the counter, compared with an average volume of 11.31 lakh shares in the past one quarter.

The stock hit a 52-week high of Rs 90.25 in intraday trade today, 22 December 2014. The stock hit a low of Rs 84.60 so far during the day. The stock hit a 52-week low of Rs 13.88 on 4 February 2014.

The stock had outperformed the market over the past one month till 19 December 2014, rising 24.57% compared with Sensex's 2.36% fall. The scrip had also outperformed the market in past one quarter, surging 79.31% as against Sensex's 1.04% rise.

The mid-cap construction and infrastructure company has an equity capital of Rs 111.19 crore. Face value per share is Rs 2.

A foreign fund Van Eck VIP Emerging Markets Fund bought 38.09 lakh shares or 0.68% stake in NCC at an average price of Rs 82.90 per share in a bulk deal on NSE on Friday, 19 December 2014.

On a consolidated basis, NCC reported a net loss of Rs 3.16 crore in Q2 September 2014, lower than net loss of Rs 10.19 crore in Q2 September 2013. Net sales rose 53.7% to Rs 2559.71 crore in Q2 September 2014 over Q2 September 2013.

NCC's range of business verticals comprising of buildings & housing, transportation, water & environment, irrigation, power, electricals, metals, oil & gas and international business reflect an expertise positioned to capture every infrastructure upturn.

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