Nagarjuna Construction Up 45% In 4 Days - Nov 1, 2008

Meanwhile, the BSE Sensex was up 800.53 points, or 8.85%, to 9,845.04. On BSE, 5.96 lakh shares were traded in the counter. The stock had an average daily volume of 4.94 lakh shares in the past one quarter.

The stock hit a high of Rs 66.50 and a low of Rs 58 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 stock has risen 45.2% from a recent low of Rs 43.30 on 24 October 2008, boosted by good quarterly performance. The company announced the results during trading hours on Monday, 27 October 2008, when the stock surged 12.59% to Rs 48.75.

The mid-cap stock had underperformed the market over the past one month till 29 October 2008, declining 40.32% as compared to the Sensex’s decline of 28.19%. It had also underperformed the market in the past one quarter, declining 56.65% as compared to the Sensex’s decline of 34.42%.

The company’s current equity is Rs 45.76 crore. Face value per share is Rs 2. The current price of Rs 62.90 discounts the company’s Q2 September 2008 annualized EPS of Rs 7.39, by a PE multiple of 8.51.

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.

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.