Multibagger stock under Rs 50: This civil construction company receives order worth Rs 301 crore from Sam (India) Builtwell Pvt Ltd, hits 52-week high!
The stock gave multibagger returns of 110 per cent in just 3 years and over 600 per cent returns in 1 decade.
NBCC (India) Ltd (BSE Script Code: 534309; NSE Script Code: NBCC), has been awarded a work order worth Rs 301 crore from Sam (India) Builtwell Pvt Ltd. The order includes the construction of a hostel cum residential block at Dhaka Complex for Institutions of Eminence, University of Delhi on a design, engineering, procurement and construction (EPC) basis. The order will be completed in 20 months from LOI.
Earlier, the company has been awarded a work order worth Rs 264.05 from Ravenshaw University, Cuttack. The order includes various construction and development works in the Mahanadi campus of Ravenshaw University (Phase-II).
NBCC (India) Ltd is engaged in project management consultation, engineering procurement and construction, and real estate making up the company's three main business divisions. In both its quarterly and annual results, the company reported positive numbers. In the financial year 2024, the company order book stands at over Rs 2,600 crore orders including the above order.
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On Friday, shares of NBCC (India) Ltd zoomed 8.19 per cent to Rs 47.45 per share from its previous closing of Rs 43.86 with an intraday high of Rs 48 and low of Rs 44.20. The stock also traded at a new 52-week high of Rs 48 per share with a spurt in volume by more than 2.85 times on BSE.
The stock gave multibagger returns of 110 per cent in just 3 years and over 600 per cent returns in 1 decade. Investors should keep an eye on this Mid-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.