NBCC (India) announced that the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance, GOI. intimated vide letter dated September 13, 2018 that NBCC has been selected as the buyer for 100% strategic disinvestment of HSCC (India) at a bid amount of Rs 2.85 billion.
The stock had underperformed the market over the past one month till Sep. 12, 2018, falling 11.75% compared with the Sensex's 0.40% decline. It underperformed the market in past one quarter, declining 25.56% as against 5.67% rise in the Sensex.
Shares of the company gained Rs 0.3, or 0.44%, to trade at Rs 69.25. The total volume of shares traded was 348,632 at the BSE (12.13 p.m., Friday).