NBCC

shares surge 2% after firm's Rs 2,650-crore sales in Greater Noida

The Navratna company on April 11 announced that it has successfully sold 560 residential units at Aspire Leisure Park in Greater Noida. The units were sold through an e-auction and have a total sale value of over Rs 1,153 ***** an exchange filing released on April 11, the Navratna company announced that it has successfully sold 560 residential units at Aspire Leisure Park in Greater Noida. The units were sold through an e-auction and have a total sale value of over Rs 1,153 crore. "NBCC will get marketing fee at the rate of 1 percent of sale value," the company further said. In another exchange filing released in the post market hours of April 9, NBCC had announced that it sold 1,185 residential units at Phase III of Aspire Dream Valley in Greater Noida through an e-auction at a total sale value of nearly Rs 1,504.69 crore. Earlier during the day, the shares of the PSU company had hit a one-month high of Rs 90 apiece. The stock has made a strong recovery of nearly 26 percent after hitting a 52-week low of Rs 70.80 apiece on March 3. The stock however is still 36 percent lower than its 52-week high of Rs 139.83 apiece, which it had hit on August 28.