State-run Construction Company NBCC is expected to report a 50 percent growth in profit at Rs 66 crore and 24.5 percent increase in revenue at Rs 1,431 crore on the yearly basis, according to the average of estimates of analysts polled by CNBC-TV18. On such anticipation, NBCC share price hiked by 2% in today’s trade.
The company’s operating profit may take a leap of 87.5 percent year-on-year to Rs 75 crore and margin may expand 166 basis points to 5.2 percent in the quarter ended June 2016. Analysts say order book is strong, but the implementation is important to watch out for. Any enhancement in margins due to operating leverage will be positive.
Currently, NBCC share price is trading at Rs. 249.70 with the rise of almost 1.92%. The scrip opened at Rs. 246.95 and traded on the intraday high and low of Rs. 251.55 and Rs. 246.90 respectively.
So far, a total of 3,52,428 shares were traded on the NSE trading counter. The stock has listed its 52-weeks high of Rs. 266.80 on 13th July 2016 and the 52-week low of Rs. 162.45 on 12th February 2016.
NBCC is identified among the top 500 performing stocks for the quarter by Dynamic Levels. The last close of NBCC is closer to its first support level. For more levels of resistance and support of NBCC, visit NBCC share price forecast page of Dynamic Levels website.
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