Navratna CPSE Inked MoU With Currency Note Press, Shares Rallies 5.22% In 1 Week

On Tuesday, Jul 04, 2023, NBCC (India) Ltd. announced that it has signed a memorandum of understanding (MOU) with Currency Note Press (CNP) under Security Printing and Minting Corporation of India Limited (SPMCIL).

Shares rallied 5.22% in the past 1 week. It is a midcap engineering PSU having a market capitalisation of Rs 7,293.60 apiece.

NBCC Inked MoU with Currency Note Press, Nasik

NBCC inked an MOU with Currency Note Press (CNP) under Security Printing and Minting Corporation of India Limited (SPMCIL), Maharashtra on 23.06.2023 for Planning, Designing and Execution of Upcoming works such as State of Art Museum, Infrastructure development works like Treatment Plants etc. at Currency Note Press (CNP) Nasik.

The MoU was signed by Shri Bolewar Babu, CGM, CNP Nasik and Shri Pradeep Sharma, CGM (Engg.) NBCC.

Stock Movement

The stock of NBCC (India) Ltd. last traded at Rs 40.52 apiece, up 0.85% from its previous close of Rs 40.18 apiece. The stock hit an intraday high of Rs. 40.94 and an intraday low of 40.19. It hit the 52-week high on Jun 02, 2023, at Rs 44.70 apiece and the 52-week low on Jul; 06, 2022, at Rs 28.05 apiece, respectively.

The stock gave 9.75% in the past 3 months. It gave 40.69% positive return in the past 1 year. It gave 25.51% negative return in the past 2 years. It gave 66.07% positive return in the past 3 years. It gave 41.10% negative return in the past 5 years.

About - NBCC (India) Ltd.

Founded in 1960 as a Govt. of India Civil Engineering Enterprise, NBCC with its headquarter in Delhi, is a Navratna CPSE. The company is an undisputed leader in the Construction Sector on the back of its capabilities, innovative approach, adherence to the highest standard of quality, timely delivery and a dedicated workforce.