Multibagger PSU Stock Under Rs 90 Bags 98-Cr Order, Surges 120% In 6-Months

Mid cap Navratna company operating in construction sector, NBCC (India) Ltd shares today hit 52-week high after it informed receiving new order worth Rs 98 crore. Last trading price of NBCC (India) share on BSE is Rs 88.50 per share with intraday gain of 0.57%. NBCC share offered shareholders return of 120% in last 6-months and rose 186% in last 3-years. NBCC (India) Ltd has a market capitalisation of Rs 15,912 crore. Check details below:

NBCC Bags Rs 1500 Crore Order From National Cooperative Development Corporation: Earlier last month, NBCC received Rs 1,500 crore worth order from National Cooperative Development Corporation (NCDC) to construct warehouses and other agriculture infrastructure under the world's largest grain storage plan in cooperative sector at several places in India. NBCC will engage in project management and provide consultancy on EPC mode, as per its BSE filing.

NBCC Stock Performance & Return: Current market price of NBCC share is Rs 88.77 apiece. 52-week high price of NBCC share on BSE is Rs 89.99 apiece and 52-week low price is Rs 30.96 apiece, respectively. NBCC stock rallied 8.38% YTD, soared 53% in last 3-months, jumped 122% in last 1-year. NBCC shares offered shareholders return of 93% in last 2-years and rose 50% in last 5-years.

NBCC Financials: The company announced a fall of 16.19% in its net consolidated profit for the quarter ended September 30, 2023. The company's profit after tax was announced at Rs 81.90 crore for Q2 financial year 2024 as compared to Rs 97.22 crore in the corresponding quarter of last year, as per its BSE filing. Its net consolidated total income declared at Rs 2129.09 crore for the quarter under review, up 2.66% as against Rs 2073.89 crore reported in the corresponding quarter of last year.

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.