The domestic equity benchmarks traded with major losses in mid-morning trade. The Nifty dropped below the 23,350 mark. Metal shares extended losses for the second consecutive trading session. Trading could be volatile due to weekly F&O series expiry today. At 11:26 IST, the barometer index, the S&P BSE Sensex declined 520.63 points or 0.67% to 77,057.75. The Nifty 50 index lost 185.60 points or 0.79% to 23,332.90. The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index shed 0.20% and the S&P BSE Small-Cap index fell 0.57%. The market breadth was weak. On the BSE, 1,089 shares rose and 2,685 shares fell. A total of 141 shares were unchanged. IPO Update: The initial public offer (IPO) of NTPC Green Energy received bids for 28,19,36,760 shares as against 59,31,67,575 shares on offer, according to stock exchange data at 11:15 IST on 21 November 2024. The issue was subscribed 0.48 times. The issue opened for bidding on 19 November 2024 and it will close on 22 November 2024. The price band of the IPO is fixed between Rs 102 to Rs 108 per share. An investor can bid for a minimum of 138 equity shares and in multiples thereof. Buzzing Index: The Nifty Metal index dropped 2.05% to 8,737.70. The index dropped 2.87% in two consecutive trading sessions. Adani Enterprises (down 22.26%), Jindal Stainless (down 3.94%), APL Apollo Tubes (down 1.16%), NMDC (down 0.98%), Welspun Corp (down 0.82%), Hindustan Zinc (down 0.58%), JSW Steel (down 0.46%), Hindustan Copper (down 0.38%), Vedanta (down 0.33%) and Steel Authority of India (down 0.09%) declined. On the other hand, National Aluminium Company (up 3.85%), Ratnamani Metals & Tubes (up 2.62%) and Hindalco Industries (up 1.35%) edged higher. Stocks in Spotlight: NBCC (India) slipped 1.79%. The company said that it has bagged a contract worth Rs 202 crore from Rajasthan State Industrial Development & Investment Corporation (RIICO). Bharat Global Developers was locked in upper circuit of 5% after the company's Dubai based wholly-owned subsidiary received orders for processing and supplying worth Rs 251 crore. Global Markets: Asian stocks traded mixed on Thursday, dampened by mixed signals from Nvidia's earnings report and heightened geopolitical tensions. Investors remained cautious, with concerns over Russia-Ukraine conflict weighing on sentiment. U.S. stocks closed mixed on Wednesday, with Target's disappointing earnings and Nvidia's tempered guidance impacting investor sentiment. While the Dow Jones Industrial Average gained 0.32%, the S&P 500 index ended flat%, and the NASDAQ Composite index fell 0.11%. Investors were rattled by a nearly 22% slide in Target after the retailer missed expectations for its September quarter earnings. Target steadied in evening trade, although its earnings also raised some questions over weakening retail spending. Nvidia shares fell more than 1% in aftermarket trade to around $144.0, trimming some losses after falling as much as 2% just after its earnings. Earnings per share rose to $0.81 on revenue of $35.1 billion, higher than expectations of $0.75 in EPS and $33.09 billion in revenue. Nvidia's quarterly results, while exceeding expectations, fell short of some analysts' hopes for a more significant beat. The company's guidance for the fourth quarter, though slightly above estimates, hinted at a slower pace of revenue growth, raising questions about the sustainability of AI-driven demand. This cautious outlook tempered investor enthusiasm and contributed to the broader market's subdued performance. Market participants are now focused on a series of U.S. economic indicators, including jobless claims, home sales data, and the Purchasing Managers' Index (PMI). Additionally, several Federal Reserve officials are scheduled to speak, providing insights into the central bank's monetary policy outlook. Powered by Capital Market - Live

NBCC (India) has secured a contract worth Rs 202 crore from Rajasthan State Industrial Development & Investment Corporation (RICCO) for project management consultancy services for construction of Unity Mall (PM Ekta Mall) at Jaipur. Powered by Capital Market - Live

The contract is for providing project management consultancy services for construction of Unity Mall (PM-Ekta Mall) at Jaipur Rajasthan. NBCC (India) is in business of operates into three major segments namely project management consultancy, real estate and engineering procurement & construction. The company reported 53.43% jump in consolidated net profit to Rs 122.12 crore on 19.44% rise in revenue from operations to Rs 2,458.73 crore in Q2 FY25 over Q2 FY24. The scrip fell 2.38% to currently trade at Rs 87.60 on the BSE. Powered by Capital Market - Live

NBCC (India) has received orders worth Rs 112 crore from ST & SC Development, Minorities and Backward Classes Welfare Department. Powered by Capital Market - Live

The contracts entail a project for upgradation from a high school to a higher secondary school (Arts Stream) for Rs 22 crore in Malkangiri and 6 projects for upgradation of Ashram School to a high school at Nuapada and Koraput for Rs 15 crore each. NBCC (India) is in business of operates into three major segments namely project management consultancy, real estate and engineering procurement & construction. The company reported 53.43% jump in consolidated net profit to Rs 122.12 crore on 19.44% rise in revenue from operations to Rs 2,458.73 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

Net profit of NBCC (India) rose 53.44% to Rs 122.12 crore in the quarter ended September 2024 as against Rs 79.59 crore during the previous quarter ended September 2023. Sales rose 19.44% to Rs 2458.73 crore in the quarter ended September 2024 as against Rs 2058.52 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2458.732058.52 19 OPM %4.064.64 - PBDT167.38171.50 -2 PBT165.90170.17 -3 NP122.1279.59 53 Powered by Capital Market - Live

Revenue from operations jumped 19.44% year on year (YoY) to Rs 2,458.73 crore in the quarter ended 30 September 2024. Profit before tax stood at Rs 165.90 crore in September 2024 quarter, up 58.33% from Rs 104.78 crore posted in same quarter last year. Total expenses rose 20.15% to Rs 2,360.32 crore in Q2 FY25 as compared with Rs 1,964.33 crore in Q2 FY24. Work & consultancy expenses stood at Rs 2,111.51 crore (up 14.83% YoY) while employee benefit expenses was at Rs 86.07 crore (up 5.56% YoY) during the period under review. On a segmental basis, revenue from the PMC (Project Management Consultancy) segment stood at Rs 2,177.78 crore, registering a 15.09% YoY growth. Revenue from the Real Estate segment stood at Rs 57.42 crore, marking 50.07% YoY increase, while the EPC (Engineering, Procurement, and Construction) segment recorded revenue of Rs 209.60 crore, up 64.88% YoY. On half year basis, the company's consolidated net profit surged 46.52% to Rs 226.74 crore in H1 FY25 as compared to Rs 154.74 crore recorded in H1 FY24. However, revenue from operations jumped 15.51% YoY to Rs 4,602.89 crore in H1 FY25. Meanwhile, The company's board of directors has taken note of the cessation of Saleem Ahmad, Director (Projects), NBCC, from his position as Chief Financial Officer (CFO), effective from 1 November 2024. Additionally, the Board has approved the appointment of Anjeev Kumar Jain, Director (Finance), NBCC, as the Chief Financial Officer and Key Managerial Personnel (KMP) of the Company, effective 1 November 2024. NBCC (India) is in business of operates into three major segments namely project management consultancy, real estate and engineering procurement & construction. The scrip slipped 4.36% to settle at Rs 89.38 on the BSE. Powered by Capital Market - Live

NBCC (India) has won orders aggregating Rs 448.74 crore as detailed below: 1. Planning, designing and execution of Interior/fit out works at office space at 4th,5th & 6th floor in towerG for GAIL (India) at world Trade Centre, Nauroji Nagar, New Delhi. (Project valued at Rs 50 crore) 2. Demolition and Comprehensive Design Engineering, Construction & Furnishing of 04 nos. of buildings of New India Assurance located at Andheri (W) and Malad (W). (Project valued at Rs 136 crore) 3. Construction of PRATYAKSHA KAR BHAWAN along with Residential Complex (consisting of Type-II, III and IV Quarters) and MSTU setup at Kheora Bangar, Kanpur (UP) from Principal Chief Commissioner of Income Tax, U.P. (West) & Uttarakhand, Kanpur. (Project valued at Rs 262.74 crore) Powered by Capital Market - Live

NBCC (India) announced that its wholly owned subsidiary, Hindustan Steelworks Construction has secured a work order of Rs 65 crore from Bank of Baroda for development works at the Bank's commercial plot at Financial City, Bengaluru Hardware Park, Bengaluru on deposit work basis. Powered by Capital Market - Live

NBCC has informed that Shri Anjeev Kumar Jain the Executive Director (Finance) of RITES has been appointed as the Director (Finance) of the Company effective from the afternoon of 01st November 2024.Powered by Capital Market - Live