Navratna PSU Under Rs 180 Bags Order Worth Rs 100 Cr From REC, Shares Rise 102% YTD

Mid cap Navratna company from construction sector, NBCC (India) Ltd shares recorded 0.81% decline despite winning work order approximately Rs 100 crore from REC Limited. Current market price of NBCC (India) Ltd share on BSE is Rs 164.95 per share. NBCC shares registered sharp rally of 315% in last 1-year only and gained 110% in last 6-months. Earlier this month on June 11, NBCC (India) informed via BSE filing about bagging orders approximately Rs 878.18 crore. Number of FII/FPI investors jumped from 118 to 119 in March 2024 quarter. Life Insurance Corporation Of India has 6.55% stake in NBCC with 117,866,918 shares of the company. Check key details:

NBCC Announced Winning New Order From REC: The navratna company bagged order from REC related to Project Management Consultant (PMC) for new Construction & Renovation of existing RECIPMT Building at RECIPMT, Shivarampally, Hyderabad, according to the exchange filing issued on June 24, 2024.

As per the BSE filing of NBCC dated June 11, 2024, the company bagged order worth Rs 700 crore from Kochi Metro Rail Limited (KMRL) for development of 17.4 Acres (5 Contiguous land parcels) located in Kakkanad Ernakulam District Kochi & Coine "Bliss City". The company bagged order worth Rs 69.71 crore from Hindu College, University of Delhi, New Delhi for the construction of Boys College at Hindu College, University of Delhi, New Delhi. It also bagged order worth Rs 8.62 crore from Institute of Company of Secretaries of India (ICSI). The PSU bagged another order worth Rs 99.84 crore from Oil India Limited.

NBCC Stock Performance & Return: NBCC shares surged over 15% in last 2-weeks, soared 43% in last 3-months, jumped 478% in last 2-years, and offered return of 199% in last 3-years. The 52-week high price of NBCC share on BSE is Rs 176.50 apiece (as on 05/02/2024) and 52-week low price is Rs 38.10 apiece (as on 28/06/2023), respectively.

NBCC Dividend History: NBCC (India) announced 14 dividends since August 30, 2012. In last 1-year, NBCC (India) announced an equity dividend amounting to Re 0.54 per share. At the current share price of Rs 164.95 per share, NBCC (India) Ltd offers a dividend yield of 0.33%.

NBCC Bonus Share History: NBCC (India) offered 1 bonus issue since February 17, 2017. The last Bonus that NBCC (India) declared was in the ratio 1:2 with ex-bonus date set as February 17, 2017.

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.

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