63% Dividend Soon: Navratna NBCC (India) Bags Rs 719 Cr Order, Shares Rise 280% In 1-Yr

Mid cap Navratna company NBCC (India) Ltd shares gained 10.60% in last 1-week span only as the PSU bagged several work orders in the month of August only. Current market price of NBCC (India) share on BSE is Rs 184.75 per share. Today, NBCC received yet another order worth Rs 719.97 crore. Earlier, NBCC (India) on August 9 informed BSE about bagging an order worth Rs 15000 crore from Srinagar Development Authority. The company on August 1 received an order worth Rs 50 crore from Ministry of External Affairs and on July 30 received an order worth Rs 443 crore from Medical Education & Ayush Govt. of Maharashtra. NBCC shares offered attractive return of 452% in last 2-years. Life insurance corporation of India (LIC) has 5.96% stake in NBCC with 107,325,394 shares of the company. Check details below:

NBCC Bags Order Worth Rs 719 Cr Today: As per the BSE filing of NBCC dated August 12, the PSU received the fresh 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 46.61 per share (as on 14/08/2023), respectively. NBCC (India) shares gained 124% year-to-date, soared 276% in last 1-year, and zoomed 430% in last 5-years.

NBCC (India) Dividend: According to the BSE filing of NBCC (India) issued as on 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 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 184.75 per share, NBCC (India) Ltd offers a dividend yield of 0.29%.

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 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.

Disclaimer:

The stock highlights the order win, dividend 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 any losses. Please consult a professional advisor.