President of India’s portfolio gains Rs 666,94,74,558 from this multibagger penny stock in just 1 day with Rs 55,300 crore order book; scrip hit 52-week high!

The stock is up by 80 per cent in just 1 year and gave multibagger returns of 195 per cent in 3 years.

Indian stock markets were in the green on Thursday, with the BSE Sensex Index up 0.13 per cent to close at 66,988.44 and the NSE Nifty-50 Index up 0.18 at 20,133.15. About 1,823 shares have advanced, 1,881 have declined and 153 were unchanged on BSE.

Along with the market in green, this multibagger penny stock bucked the trend and traded in the green. Let us know about this stock:

The stock we will be discussing today is National Buildings Construction Corporation Limited or NBCC (India) Ltd.

The President of India owns 1,11,15,79,093 shares or 61.75 per cent stake in the company. On Thursday, shares of the company gained 6 points or 8.55 per cent to Rs 76.08 per share with an intraday high of Rs 76.50 and an intraday low of Rs 70.15. The stock also made a new 52-week high of Rs 76.50 per share. The shares of the company saw a spurt in volume by more than 5 times on BSE.

Therefore, 1,11,15,79,093 shares x Rs 6 = Rs 666,94,74,558 in just 1 day.

NBCC (India) Limited is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs. The company operates in three major segments - Project Management Consultancy, Engineering Procurement & Construction and Real Estate. The company has a market cap of Rs 13,695 crore.

Results: According to the Quarterly Results, the net sales increased by 1.16 per cent to Rs 2,053.3 crore and the net profit decreased by 16.3 per cent to Rs 81.8 crore in Q2FY24 over Q2FY23. According to the half-yearly results, the net sales increased by 3.72 per cent to Rs 3,971.1 crore and the net profit increased by 73.28 per cent to Rs 159.2 crore in H1FY24 over H1FY23. In its annual results, the net sales increased by 13.83 per cent to Rs 8,754.4 crore and the net profit increased by 16.44 per cent to Rs 277 crore in FY23 over FY22.

Order Book: The company's standalone order book stands at Rs 44,700 crore while its consolidated order book stands at Rs 55,300 crore. The consolidated new order secured in the current FY23-24 is Rs 7,094 crore. The order book is 6 per cent to 8 per cent margin.

The company is actively engaged in discussions with several PSUs to explore redevelopment opportunities. The company is open to adopting the redevelopment model as a means for PSUs to effectively manage their finances and ensure timely repayment of their obligations. While the top line may not materialize this year, significant progress can be made on the tendering process, paving the way for full-scale construction activities from the following year onwards. This approach will enable PSUs to not only meet their interest payments but also repay the principal amount.

The company has been maintaining a healthy dividend payout of 44.4 per cent. The stock is up by 80 per cent in just 1 year and gave multibagger returns of 195 per cent in 3 years.

Do you own NBCC (India) Ltd.’s stock in your portfolio? Do let us know in the comments below

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