52-Week High: Multibagger Mid Cap Construction Stock Bags Order Worth Rs 8398 Cr

Shares of mid cap construction company, NCC Limited on Friday hit fresh 52-week high on Friday soon after it informed the exchange of receiving order worth Rs 8398 crore. NCC Limited shares gained 136% in last 1-year and soared 87% in last 6-months. Current market price of NCC Limited stock on BSE is Rs 170.20 apiece with intraday gain of 0.88%. The stock witnessed a 52-week high again on August 31. NCC Limited shares traded ex-dividend on August 25 for Rs 2.20 per share dividend. Check details below:

NCC Limited Bags Order Worth Rs 8398 Crore: According to the BSE filing of NCC Limited dated September 1, 2023, "NCC Limited hos received 4 new orders oggregoting Rs.8398 Crores (excluding GST) in lhe monih of August 2023 reloting to Electricol Division. These Orders comprise of:

1. The first two Orders, one for Rs.2822 Crores ond onof her one for Rs.2933 Crores received lrom the Mohoroshlro Stote Electricity Distibution Co Ltd., (MSEDCL) reloting to the Advonced Melering lnfrostructure (AMl) Prolect, to be executed on Design, Build, Finonce, Own, Operote, Tronsfer (DBFOOT) bosis under RDSS Scheme.

2. The third Order lor Rs.2324 Crores received from North Bihor Power Distribuiion Co Lld., is for Advonced Metedng lnfrostructure Project (AMl) on Design, Build, Finonce. Own, Operole, Tronsfer (DBFOOT) bosis.

3. The Fourlh Order for Rs.3l9 Crores received from Bongolore Electricity Supply Co Ltd., for upgrodotion of Dislribution Automotion System (DAS) with o durotion of I8 months.

As such the orders totoling to Rs.5755 Crores will form port of the Subsidiory Componies (SPVs) order book ond bolonce Rs.2643 Crores remoins in NCC stondolone order book.

NCC Stock Performance & Return: Current market price of NCC share is Rs 170.20 apiece. Its 52-week high price is Rs 176.95 per share and 52-week low price is Rs 66.20 per share, respectively. NCC has a market capitalisation of Rs 10,733.04 crore. NCC shares gained 118% in last 2-years, soared 408% in last 3-years, and surged 73% in last 5-years. In last 10-years, NCC stock jumped 1505%.

NCC Financials: NCC Ltd on August 10 announced a jump of 33.9% in its consolidated net profit to Rs 173.54 crore for the quarter ended June 30, 2023. Revenue from operations soared 31.9% to Rs 4,380.39 crore during the quarter, as per the exchange filing of the leading construction company.

NCC About: NCC has ventured into diverse sectors of construction and infrastructural development. Spanning across the nation, its construction activities are covered under buildings, transportation, water & environment, electrical (T&D), irrigation, mining and railways sectors, according to its official website.

Disclaimer

The stock just highlights the rally in shares after it bagged new contracts worth over 8000 crore. The stock is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.