74% Return In 6-Months: Govt Construction Co Bags 2 Orders Worth Rs 330 Cr

Shares of leading construction sector Navratna company, NBCC (India) Ltd witnessed a rally of 1.70% on Wednesday after it bagged yet another order worth 150 crore from Khadi & Village Industries Commission (KVIC) on September 18. Earlier, the company received an order worth 180 crore on September 13, 2023. NBCC shares surged 45% in last 3-months and 74% in last 6-months. Current market price of NBCC share is Rs 59.45 apiece with intraday gain of 1.28% on BSE. Check details below:

NBCC (India) Receives Order From Khadi & Village Industries Commission (KVIC) and PSU SAIL: According to the BSE filing of NBCC dated September 18, 2023, the company bagged order from KVIC worth Rs 150 crore. The order relates to planning, designing, and execution of upcoming works, including the construction of office buildings, residential campuses, and the redevelopment, repair, and renovation of KVIC properties pan India.

Earlier this month on September 14, NBCC received order worth Rs 180 crore from PSU Steel Authority of India Limited (SAIL). The order pertains to consultancy & project management services from Steel Authority of India Limited (SAIL) for upcoming infrastructural-related projects of Bokaro Steel Limited Plant, township, Mines & Collieries.

NBCC Stock Performance & Return: Current market price of NBCC share is Rs 59.41 apiece. Its 52-week high price is Rs 63.65 per share and 52-week low price is Rs 29.85 per share, respectively. The company has a market capitalisation of Rs 10,693.80 crore. NBCC stock gained 47% YTD, soared 76% in last 1-year, jumped 38% in last 2-years, and rose 132% in last 3-years. In last 10-years, NBCC stock surged 658% and fell 8% in last 5-years.

About NBCC: 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 highest standard of quality, timely delivery and a dedicated workforce.

Disclaimer

The stock just highlights the rally in shares after order win and 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.