Jobaaj Stories
Noida Toll showed robust movement on the first trading day of this week as the stock jumped 20% in a single day.
Noida Toll Bridge Company Ltd. (NTBCL) is a civil construction & contracting company established in 1996 that is promoted by Infrastructure Leasing and Financial Services Ltd. (IL&FS) as a special purpose vehicle (SPV) to develop, construct, operate, and maintain the DND Flyway on a Build Own Operate Transfer (BOOT) basis.
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For the quarter ending in March 2022, the company reported a 4.96% decline in sales as sales for the quarter came in at Rs 5.99 crores while net loss for the quarter widened 22.7% to Rs 9.57 crores on account of higher expenses and lower sales.
The stock didn't get much volume earlier as daily volume fell in the range of 60k-120k. However, the stock saw a large decline of almost 15% on 3rd June after which the stock closed at Rs 5.75, significantly lower than its normal price range. The stock had not closed at this price since as early as September 2021.
Today, the stock opened 4.35% higher at Rs 6 per share. By 11:15 today, the stock had reached Rs 6.90 per share and did not move from there for the remainder of the day, registering a gain of 20% from the previous day's close. The stock witnessed an overwhelming volume of 1.32 million today.
This marks another stock in the Group B category of BSE rising significantly and giving good returns to investors.
Previously, Jobaaj had reported about the exceptional gains provided by Cressanda Solutions and Kohinoor Foods. Do check them out.
Article by Aman Agarwal.
This news piece is brought to you in association with jobaaj.com
