Navratna PSU Under Rs 200 Bags Rs 411 Cr Order, Shares Gain 332% In 1-Yr

Mid cap Navratna company from construction sector, NBCC (India) Ltd shares today gained over 7% to Rs 187.75 per share. The company informed that its subsidiary HSCC (India) Limited bagged order from Medical Education & Ayush Govt of Maharashtra worth Rs 411.45 crore. The order is pertaining to construction of new government medical college of 100 student capacity and 430 bedded hospital at Budhana. NBCC India shares gained 128% year-to-date and zoomed 332% in last 1-year. Life Insurance Corporation Of India has 5.96% stake in NBCC with 107,325,394 shares of the company. 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. More details below:

NBCC Stock Performance & Return: NBCC shares rallied over 19% in last 1-month, gained 47% in last 6-months, rose 468% in last 2-years, and offered return of 262% in last 3-years. The 52-week high price of NBCC share on BSE is Rs 198.25 apiece (as on 09/07/2024) and 52-week low price is Rs 42.51 apiece (as on 28/07/2023), respectively.

NBCC Won 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.

According to the exchange filing of the PSU dated June 11, 2024, it received 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 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 0.29%.

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 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 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.