Rs 61,796 crore order book and FIIs increase stake: This multibagger construction company bags new orders worth Rs 553.48 crore!

Shares of the company have gained more than 30 per cent in the last six months.

NCC Limited has received two new orders worth Rs. 553.48 crores in November 2023. Both orders are for the Building Division and were received from private agencies. The company posted robust Quarterly Results. The revenue of the company for Q2FY24 stood at Rs 4719.61 crore which increased by 39.61 per cent YoY. The operating profit of the company stood at Rs 330.53 crore, while the PAT of the company stood at Rs 85.06 crore, which was 136.87 crore in last year's same quarter. 

NCC Limited has also delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price jumped from Rs 79.80 on December 05, 2020, to Rs 165.45 on December 01, 2023, an increase of about 220 per cent in a three-year holding period. FIIs have also increased their stake in the company to 24.18 per cent in September 2023 respectively. 

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NCC Limited is a Hyderabad-based construction company and  is engaged in the construction of roads, buildings, irrigation, water and environment, electrical, metals, mining and railways. Apart from executing projects across India, the company has a presence in the Middle East through its subsidiaries in Muscat and Dubai. NCC also has interests in road and energy projects through its 62.1 per cent-owned subsidiary NCC Infrastructure Holdings Limited and in real estate through its 80 per cent owned subsidiary NCC Urban Infrastructure. The company has an order book of Rs 61,796 crore.

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.