Midcap PSU Stock Rallied Over 10% On New Order Worth Rs 180 Crores From SAIL

The shares of NBCC (India) Ltd. rallied over 10% after the company on Wednesday announced that it has received a Consultancy & Project Management Services order worth Rs 180 Crore from SAIL.

The order is for upcoming infrastructural related projects of Bokaro Steel Limited Plant, township, Mines and collieries.

The stock is currently trading 10.08% higher at Rs 61.90 apiece on the BSE. At the time of writing, the stock hit an intraday high of Rs 63.50 and an intraday low of Rs 57.870 on the BSE.

The stock opened at Rs 59.80 apiece, while the previous close was Rs 56.23 apiece. The market cap of the stock is Rs 11,142 Crore.

The stock gained 5.29% in the past 1 week. It gained 74.46% in the last 6 months. It gained 77.65% in the last 1 year. It gained 127.85% in the last 3 years. It declined 9.29% in the last 5 years.

The stock hit a 52-week high on Sept 06, 2023, at Rs 63.65 apiece and 52-week low on Sept 30, 2022, at Rs 29.85 apiece.

NBCC (India) Ltd. is a midcap Navratna CPSE under the Ministry of Housing & Urban Affairs, Govt Of India.