63% Dividend: Navratna NBCC Subsidiary Bags Rs 528 Cr Order, Shares Jump 422% In 2-Yrs

Mid cap Navratna company NBCC (India) Ltd informed on August 14, 2024 that its wholly owned subsidiary HSCC (India) Ltd bagged order worth Rs 528.21 crore from Directorate of Medical Education & Research, Haryana. Current market price of NBCC India shares on BSE is Rs 173.65 per share. NBCC shares offered attractive returns of 422% to shareholders in last 2-years. NBCC has a market capitalisation of Rs 31,257.00 crore. Check details below:

NBCC Bagged Rs 719 Crore Order On August 12: The PSU on August 12 received order worth Rs 719.97 crore from Institute of Company Secretaries of India (Rs 9.97 crore) and Jhansi Development Authority (Rs 710.00 crore).

NBCC (India) Shares Performance: The 52-week high price of NBCC (India) shares on BSE is Rs 198.25 per share (as on 09/07/2024) and 52-week low price is Rs 46.80 per share (as on 16/08/2023), respectively. NBCC (India) shares slipped over 8% in last 1-month, rose 112% year-to-date (YTD), offered return of 266% in last 1-year, and rose 394% in last 5-years.

NBCC (India) Dividend: As per the exchange filing of NBCC (India) dated May 28, 2024, "The Board of Directors of NBCC (India) Limited in their Board Meeting held on Tuesday May 28, 2024 recommended a final dividend @63% i.e. Rs. 0.63 /- per paid up equitY share of Rs. 1/- each (subject to deduction of TDS) for the FY 2023-24 subject to approval of shareholders in the ensuing Annual General Meeting. The final dividend (if declared) would be paid within 30 days from the date of declaration at the AGM."

Shareholding: FII/FPI have increased holdings from 4.33% to 4.43% in June 2024 quarter. Number of FII/FPI investors increased from 119 to 155 in June 2024 quarter. Mutual Funds have increased holdings from 2.98% to 3.04% in June 2024 quarter. Number of MF schemes increased from 10 to 13 in June 2024 quarter, according to Trendlyne.

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: Founded in 1960 as a Government 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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