1:2 Bonus Issue, Rs 0.63 Dividend: Navratna PSU Stock Rises 8%, Wins Rs 202 Cr New Order; Attractive To Buy?

Navratna PSU company, NBCC which is a multi-bagger of 2024, witnessed massive buying sentiment on Monday, November 25, so much so that the stock zoomed by a whopping 8% in a single day. The performance comes after the company bagged a huge Rs 202 crore new order, continuing its strong order book.

The company posted a strong performance in the second quarter of FY25. Its net profit stood at Rs 122.12 crore in Q2FY25, registering a growth of 53.43% year-on-year and 16.72% quarter-on-quarter. While revenue surged to Rs 2,548.73 crore in the quarter.

In 2024 so far alone, NBCC shares have rewarded bonus issue of 1:2 ratio for which it turned ex-date on October 7, 2024. While the company has delivered up to Rs 0.63 per share as a dividend and its ex-date was on September 6, 2024.

Founded in 1960 as a Govt. of India Civil Engineering Enterprise, NBCC with its Headquarter in Delhi, today, holds the status of Navratna CPSE, and has emerged as the undisputed leader in the Construction Sector on the back of its capabilities, innovative approach, adherence to the highest standard of quality, timely delivery and a dedicated workforce.