Construction Stock With Rs 5,700 Cr Market Cap Bags Order Worth Rs 2374 Cr, Shares Zoom

Mid cap stock operating in Construction sector, NCC Ltd bagged order worth 2374 crore in the month of February, 2023. The shares of the company rallied 2.03% till 11:17 am on March 1, 2023. The stock gave 46% return in last 1-year. Current market price of the stock is Rs 90.91 apiece on BSE. Check details below:

1. NCC Ltd Receives 3 Orders In February Worth Crores

According to the press release by the company, "NCC Ltd has received 3 new orders aggregating Rs 2374 crores (excluding GST) in the month of February, 2023. Out of these orders, one order valuing Rs 1,224 crore relates to the Transportation Division, one order valuing Rs 830 crore relates to the Water & Environment Division and one order valuing Rs 320 crore relates to the Mining Division. These orders are received from State Govt,. agencies, and PSU and does not include any internal orders."

2. NCC Ltd Stock Performance & Return

Current market price of the stock is Rs 90.91 apiece with intraday gain of 2.03% on BSE. The stock's 52-week high is Rs 97.95 apiece and 52-week low is Rs 51.00 apiece, respectively.

It has a market capitalisation of Rs 5,705.87 crore. The stock gave 14% return in last 3-months, 26% return in last 6-months, and 46% return in last 1-year. It rallied 155% in last 3-years.

3. NCC Ltd About

NCC Ltd was founded in 1978 as a partnership firm by Padma Sri Awardee Dr. AVS Raju (Founder and Chairman Emeritus). NCC became a limited company in 1990, and was listed on National Stock Exchange in 1992. The Company is engaged in the infrastructure sector primarily in the construction of industrial and commercial buildings housing project roads bridges and flyovers water supply and environment projects mining power transmission lines irrigation and hydro thermal power projects real estate development etc.

Disclaimer

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