NBCC Share Price At Record High After Sales Worth Rs 1,468 Crore
In April, the company had sold around 560 residential units at Aspire Leisure Park.
Shares of NBCC Ltd. rose nearly 5% to life high on Monday, after the company successfully sold 446 residential units at Aspire Silicon City in Noida through an e-auction, generating Rs 1,468 crore in sales.
The company will also receive a marketing fee of 1% of the total sale value, according to an exchange filing on Friday.
In April, the company had sold around 560 residential units at Aspire Leisure Park, for a total sale value of Rs 1,153.13 crore in Greater Noida. In the same week, the public sector enterprise sold 1,185 residential units at Aspire Dream Valley, Phase-III, Greater Noida, through an e-auction for a sale value of Rs 1,504.7 crore.
NBCC Share Price Today
Shares of NBCC rose as much as 4.53% to Rs 116.11 apiece, the highest level ever. They pared gains to trade 3.99% higher at Rs 115.58 apiece, as of 11:45 a.m. This compares to a 0.05% decline in the NSE Nifty 50.
The stock has risen 24.13% on a year-to-date basis, and 23% in the last 12 months. Total traded volume so far in the day stood at 2.4 times its 30-day average. The relative strength index was at 69.59.
Out of three analysts tracking the company, two maintain a 'buy' rating, and one suggests 'sell', according to Bloomberg data.
