Stock market news: NCL Industries shares leap 7%

NEW DELHI: Shares of NCL Industries Ltd. traded 6.88 per cent up in Friday's trade at 10:46AM (IST). Around 2,926,460 shares changed hands on the counter.

The scrip opened at Rs 115 and touched an intraday high and low of Rs 121.9 and Rs 113.55, respectively, in the session so far. Shares of the company of NCL Industries Ltd. quoted a 52-week high of Rs 129.6 and a 52-week low of Rs 53.2.

Total market cap of the NCL Industries Ltd. stood at Rs 521.08 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 260.91 crore for the quarter ended 30-Jun-2020, up 5.69 per cent from previous quarter's Rs 246.87 crore. The net profit for latest quarter stood at Rs 31.95 crore.

Shareholding pattern
As of 30-Jun-2020, DIIs held 7.17 per cent stake in the firm, while foreign institutional investors held 2.28 per cent and the promoters 42.33 per cent.

Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 9.69 and a price-to-book ratio of 1.32. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

NCL Industries Ltd. belongs to the Cement - South industry.