NEW DELHI – Shares of state-owned construction firm NBCC (India) Ltd (NSE: NBCC) recorded a solid gain on the National Stock Exchange (NSE) during Wednesday’s trading session, April 17th. The stock closed the day at ₹97.73, marking a significant increase of ₹1.93 or 2.01% compared to its previous close.
The trading day for NBCC began with a strong upward move, gapping significantly higher than the previous day’s closing price of ₹95.80. Throughout much of the morning and afternoon sessions, the stock traded in a relatively elevated range, hovering primarily above the ₹98.50 mark and even touching levels close to ₹99.50, as seen in the intraday chart.
However, selling pressure emerged in the final hour of trading, causing the stock to pull back from its intraday highs. Despite this late-session dip, NBCC managed to hold onto substantial gains, ultimately closing comfortably above its previous closing price.
The final price of ₹97.73, recorded around 3:59 PM IST, reflects the positive sentiment surrounding the stock for the day, even with the pullback from peak levels. Investors tracked the movement closely, with the stock demonstrating considerable strength compared to Tuesday’s finish before giving back some gains towards the market close.
