Monday, November 3, 2008

Nagarjuna Construction Soars On New Order Win - Nov 03, 2008

The company made this announcement during trading hours today, 3 November 2008. Meanwhile, the BSE Sensex was up 406.83 points, or 4.16%, to 10,194.89.

On BSE, 2.55 lakh shares were traded in the counter. The stock had an average daily volume of 4.62 lakh shares in the past one quarter.

The stock hit a high of Rs 70.45 and a low of Rs 64.65 so far during the day. The stock has a 52-week high of Rs 372.80 on 3 January 2008 and a 52-week low of Rs 40.50 on 27 October 2008.
The mid-cap stock had underperformed the market over the past one month till 31 October 2008, declining 33.84% as compared to the Sensex’s decline of 23.89%. It had also underperformed the market in the past one quarter, declining 51.82% as compared to the Sensex’s decline of 31.82%.

The company’s current equity is Rs 45.76 crore. Face value per share is Rs 2.

The current price of Rs 66.10 discounts the company’s Q2 September 2008 annualized EPS of Rs 7.39, by a PE multiple of 8.94.

Nagarjuna Construction Company (NCC)’s net profit rose 25.7% to Rs 42.30 crore on 55.9% increase in net sales to Rs 1055.82 crore in Q2 September 2008 over Q2 September 2007.

In September 2008, the company secured four orders aggregating Rs 413 crore.

Nagarjuna Construction Company is engaged in constructing industrial and commercial buildings, roads, bridges, underground drainage and sewerage, stadiums, flyovers, multi-store and duplex apartments, farm and private houses.

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