Govt Construction Stock Under Rs 65 Hits 52-Week High For 3rd Straight Session

Shares of mid cap company NBCC (India) Ltd have been witnessing an upward trend and hit 52-week high for the third straight session today as BSE Sensex declined marginally by 26 points to 65,754.18 at the time of writing the story. Current market price of NBCC (India) share is Rs 61.41 per share with intraday gain of 2.73%. NBCC (India) stock offered 72% return in last 6-months and gained 126% in last 3-years. Check details below:

NBCC (India) Bagged Several Orders In Last Few Days: The company in its BSE filing dated September 4, 2023 announced, "This is to inform that NBCC has been recently awarded the following work: Planning, designing and execution of 1. structural and non-structural repairs at Mint, Mumbai factory premises along with Renovation Works & Structural and Non-structural repairs of residential quarters at Mint Premises.

2. Construction of Transit Camp at Mint Colony, Parel, Mumbai." The client is Indian Government Mint, Mumbai and the value of the order is 20.00 crore.

It recently bagged a work order worth Rs 66.32 crore from the Indian Medical Association and it is expected to be executed with in 30 days. Earlier this year on August 22, NBCC announced that a Memorandum of Understanding (MoU) was inked between NBCC and DMRC on August 21, 2023, to work together in the field of building & infrastructure development overseas.

NBCC (India) Stock Performance & Return: Current market price of NBCC (India) stock is Rs 61.59 apiece on BSE. Its 52-week high price is Rs 63.65 apiece and 52-week low price is Rs 29.85 per share, respectively. Its market capitalisation as on September 6 stands at Rs 11,084.40 crore. NBCC (India) stock delivered shareholders return of 46% in last 3-months, soared 80% in last 1-year, gained 39% in last 2-years, and offered 688% return in last 10-years.

NBCC (India) Financials: NBCC declared a net profit of Rs 77.41 crore for the quarter ended June 30 and its total income soared 6.61% to Rs 1,917.87 crore. For the quarter June 30, 2023, it announced its consolidated total income at Rs 1965.81 crore, down 30.86% as against its last quarter total income of Rs 2,843.09 crore.

NBCC (India) About: NBCC has been involved in execution of diversified projects in sectors such as Institutional, Housing, Industrial & Environmental, Transportation, Power, etc. from 1960 and though not from CSR funds, various public welfare projects have also been taken up and accomplished by the company. Through its robust delivery mechanism, the company has completed major milestone projects in the environment sector where the citizens have been the main beneficiary. Such projects include Sewage Treatment Plant (STP), Sewerage Networks of major cities, Water Treatment Plant (WTP), Water Supply Network including raw water mains, Solid Waste Management, according to its official website.

Disclaimer

The stock just highlights the rally 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.