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This article is more than 3 year old.

NBCC India shares rise 5.3% on HSCC buyout

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NBCC shares traded at Rs 69.35, rising by 3.74 percent at 1.05 pm on the NSE.

NBCC India shares rise 5.3% on HSCC buyout
State-owned construction company NBCC (India) Ltd’s shares rise as much as 5.3 percent to Rs 70.4 in biggest daily percent gain in a week. Stock among top percent gainers on Nifty PSE index.
Shares traded at Rs 69.35, rising by 3.74 percent at 1.05 pm on the NSE.
The company is going to buy out 100 percent government stake in hospital services consultancy firm HSCC for Rs 2.85 billion ($39.7 million), it said on Thursday.
Separately, the Supreme Court has selected NBCC to construct the stalled projects of real estate firm Amrapali, media reports said on Thursday.
NBCC was not immediately available for comment.
Over 3.6 million shares traded at 1.05 pm, compared with their 30-day average of 5.1 million shares.
Stock has fallen over 45 percent this year, as of last close.
Benchmark equity indexes traded higher as rupee extended gains. The NSE Nifty 50 traded at 11,473.50, rising by 103.60 points, or 0.91 percent at 1.10 pm, while the BSE Sensex crossed the 38,000 mark, trading at 38,002.37, surging by 284.41 points, or 0.75 percent.
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