NLC India shares witnessed a profit on July 6th: Stocks

NLC India shares witnessed a profit on July 6th: Stocks

NLC India shares witnessed a profit on July 6th: Stocks

New Delhi: To begin with, the shares of NLC India Limited stood trading at a 1.85% high in the session today. Nearly, 1,07,038 shares have exchanged hands on the counter.

Significantly, the stock started at Rs. 47.00 and reached a high of Rs. 47.80. As well as it reached a low of Rs. 46.75 per equity share so far. However, the shares of the company quoted at the 52-week high value of Rs. 72.50. It also quoted a 52-week low value of Rs. 35.05 in the trade so far.

According to the records, the total market capitalization of the company reached Rs. 6,517.19 crores.

On the other side, the company posted its consolidated net sales of Rs. 3,069.33 crores as of March 2020. Up to 11.91% from the previous quarter, which stood at Rs. 2,742.60 crores.

Despite this, the net profit for the present quarter stood at Rs. 486.99 crores, up to 3.00% from the same quarter a year ago.

Besides, as of March 2020, the promoters of the company held 79.20% of its stake. Likewise, the FIIs held an 0.46% stake and DIIs held a 9.07% stake.

Moreover, the shares of the company traded at a price-to-earnings multiple of 4.53. So then, the price-to-book ratio stood at 0.44.

July 6th Stock Market Details:

On July 6th, both the Sensex and the Nifty had traded with a bullish trend in the stock market. The Sensex traded with a profit of 385.67 points and reached 36,400.86 levels with a 1.05% gain. On the other side, the Nifty traded high with 130.70 points at 10,736.25 level with a 1.21% gain.

Besides, as of July 6th, the number of confirmed COVID-19 cases across India has reached 6,97,413. Also, the number of deaths in the country has reached 19,693.

In the border market, the S&P BSE Midcap index gained 108.19 points with a 0.81% rise and reached a 13,395.11 level. Also, the S&P BSE Smallcap index gained 118.37 points with a 0.92% rise and reached a 12,718.39 level. At the same time, the Nifty Bank gained 384.40 points with a 1.57% rise and reached 22,201.20 level.

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