NBCC builds on a tweet

NBCC (India) has done well on the bourses today. It went up over 3% to Rs.198.95, with some 1.80 lakh shares changing hands.

There is no announcement from the company but a tweet from the Finance Ministry stated that NBCC will be signing an MoU today with the Department of Economic Affairs, Ministry of Finance for the construction of a housing project for officers of the Indian Economic Service (IES).

The company had ended Q3FY18 with a consolidated net profit at Rs.68 crore, up 6% (YoY) though total income showed a 11% decline at Rs.1546 crore.