Navratna PSU Under Rs 170 Wins Orders Worth Rs 878.18 Cr, Shares Rise 276% In 1-Yr

Mid cap Navratna company operating in construction sector, NBCC (India) Ltd shares today jumped 9.55% to Rs 156.55 per share on BSE today after bagging orders worth approximately Rs 878.18 crore on Tuesday. NBCC shares offered attractive returns of over 91% year-to-date and gained 276% in last 1-year.

Its market capitalisation stood at Rs 28,179.00 crore. FII/FPI have decreased holdings from 4.46% to 4.33% in March 2024 quarter. 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 details below:

NBCC Wins Orders: 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 Gave Update On Subsidiary In Dubai: As per the regulatory filing of the company dated April 28, 2024, "This is to inform that the Company (NBCC) has accorded the In-principle approval for incorporation of a wholly owned subsidiary in Dubai (UAE) subject to the approval of its Administrative Ministry i.e. Ministry of Housing and Urban Affairs (MoHUA). Further developments would be intimated in due course of time."

NBCC Stock Performance & Return: 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 shares rallied over 15% in last 1-week, gained 95% in last 6-months, soared 395% in last 2-years, and surged 186% in last 3-years.

NBCC Dividend History: NBCC (India) declared 14 dividends since August 30, 2012. In last 1-year, NBCC (India) declared an equity dividend amounting to Re 0.54 per share. At the current share price of Rs 156.55 per share, NBCC (India) Ltd offers a dividend yield of 0.34%.

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.

Disclaimer: The stock just highlights the rally in shares after order win 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 ay losses. Please consult a professional advisor.