NBCC fixes February 21 as record date for issue of bonus shares
Shital Jibhe / 16 Jan 2017
NBCC (India) Ltd. stock has soared more than 2 per cent and made a high of Rs 282 during the first few hours of trading, post the company's announcement that it has fixed the record date of February 21, 2017 for issue of bonus shares in the ratio of 1:2.
NBCC (India) Ltd. stock has soared more than 2 per cent and made a high of Rs 282 during the first few hours of trading, post the company's announcement that it has fixed the record date of February 21, 2017 for issue of bonus shares in the ratio of 1:2.
The stock has already traded more than 1.20 lakh in volume on the BSE, as against the 30-day average daily volume of 2.27 lakh. The company made the announcement after the close of market on Friday.
As for the company's financial performance for the quarter ended September 30, 2016, the net sales rose 15.75 per cent on a year on year basis to Rs 1224.41 crore, while its consolidated net profit increased about 1.42 per cent at Rs 69.11 crore as against Rs 68.14 crore in the same quarter last year.
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