NBCC slips 6% despite better Q1 numbers; bags order worth Rs 150cr

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Revenue was up 19.1 percent at Rs 1,844 crore versus Rs 1,548.9 crore.

Shares of NBCC fell 6.2 percent in the early trade on Monday despite company reported better numbers in the quarter ended June 2018.

The company's Q1 consolidated net profit was up 23.9 percent at Rs 73.2 crore versus Rs 59.1 crore in a year ago period.

Revenue was up 19.1 percent at Rs 1,844 crore versus Rs 1,548.9 crore.

Share Market tips

The company has received an order from Central Board of Secondary Education (CBSE) for construction of CBSE, Integrated Office Complex at Sector-23, Dwarka, New Delhi amounting to Rs 150 crore.

At 09:46 hrs NBCC (India) was quoting at Rs 71.80, down Rs 3.95, or 5.21 percent on the BSE.

It has touched an intraday high of Rs 74.90 and an intraday low of Rs 71.05.

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