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NCC extends gains on strong order book position 10-Aug-2012

The result was announced during trading hours on Thursday, 9 August 2012. The stock rose 1.69% to Rs 39.15 that day. It is up 3.90% in two days from Rs 38.50 on 8 August 2012.

Meanwhile, the BSE Sensex was down 21.32 points, or 0.12%, to 17,539.55.

On BSE, 2.40 lakh shares were traded in the counter as against an average daily volume of 4.65 lakh shares in the past one quarter.

The stock hit a high of Rs 40.40 and a low of Rs 39 so far during the day. The stock had hit a 52-week high of Rs 73.70 on 19 September 2011. The stock had hit a 52-week low of Rs 28.20 on 4 June 2012.

The stock had underperformed the market over the past one month until 9 August 2012, falling 9.27% compared with the Sensex's 0.97% rise. The scrip had also underperformed the market in past one quarter, rising 2.35% as against 6.56% rise in the Sensex.

The small-cap construction company has an equity capital of Rs 51.31 crore. Face value per share is Rs 2.

NCC said its order book position rose 1.61% to Rs 20520 crore as of 30 June 2012 compared with Rs 20195 crore as on 31 March 2012. The order book position surged 26.75% compared with Rs 16189 crore as on 30 June 2011.

On a consolidation basis, the company's turnover rose 12% to Rs 1816.52 crore in Q1 June 2012 over Q1 June 2011. On a consolidation basis, the company's earnings before interest, taxes, depreciation and amortization (EBITDA) fell 40.50% to Rs 204.14 crore and net profit declined 35.01% to Rs 20.33 crore in Q1 June 2012 over Q1 June 2011.

The company said it has secured orders aggregating Rs 2001 crore so far in the current year till 30 June 2012.

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