Jhunjhunwala’s pick: Multibagger civil construction company receives order worth Rs 1919 crore!
The stock has witnessed significant buying activity as it has surged more than 434 per cent in the last three years.
On August 01, 2023, both the Nifty and Sensex began the trading day with slight gains, showing an increase of 0.1 per cent and 0.11 per cent, respectively. However, as the market approached closing hours, the Sensex and Nifty showed a mixed trend, with no significant change in their overall performance.
In July 2023, NCC Limited has secured new orders worth Rs 1919 Crore (excluding GST). Among these orders, Rs 1635 crore are attributed to the Water Division, while Rs 284 Crore are related to the Building Division.
It's important to note that these orders have been received from State and Central government agencies and do not include any internal orders.
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About company:
Founded in 1978, NCC Limited specializes in undertaking turnkey EPC contracts and BOT projects under the framework of Public-Private Partnership.
Over the past five years, the company has demonstrated a commendable profit growth with a CAGR of 25.1 per cent. Additionally, it has consistently maintained a robust dividend payout ratio of 22 per cent, indicating a healthy distribution of profits to its shareholders.
The stock has witnessed significant buying activity as it has surged more than 434 per cent in the last three years.
Ace investor, Rakesh Jhunjhunwala's wife Rekha Rakesh Jhunjhunwala added NCC Limited to her portfolio. She owns 11.24 per cent stake in NCC Limited.
In dampen market sentiments, the shares of NCC Limited plunged 2.46 per cent. The company's current market capitalisation is Rs 9,725.34 crore.
Keep a close eye on this trending stock.
Disclaimer: The article is for informational purposes only and not investment advice.