Multibagger penny stock under Rs 60: This civil construction company bags a new work order worth Rs 150 crores!

Shares of the company have gained more than 70 per cent in the last one year.

NBCC (India) Limited informed in the exchange filing that the company has bagged an order worth Rs 150 crores. The order is for planning, designing and execution of upcoming works such as the construction of office buildings, residential campuses, redevelopment, repair & renovation of KVIC Properties Pan India etc.

Earlier last week, the company bagged an order worth Rs 180 crore from SAIL. The order involved consultancy & project management services for upcoming infrastructural-related projects of Bokaro Steel Limited Plant, township, Mines and collieries.

The company posted impressive Quarterly Results. The company's revenue for Q1FY24 stood at Rs 1913.79 crore which grew by 7.11 per cent YoY. The operating profit of the company stood at Rs 105.10 crore, while the PAT of the company stood at Rs 77.47 crore against a loss of Rs 5.79 crore in the last year same quarter.

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NBCC is a central government enterprise under the Ministry of Urban Development and is a Schedule A Navratna company. The company was set up to undertake civil and industrial infrastructure projects for central and state governments. Under this arrangement, projects are awarded on a nomination basis to NBCC, and the company assigns the projects to third-party contractors.

Shares of NBCC (India) Limited have also delivered multibagger returns to its shareholders in the last three years of about 140 per cent. While in the last six months, the stock has gained more than 70 per cent.

The stock has shown tremendous growth, and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.