Shares below Rs 100: This Rakesh Jhunjhunwala portfolio stock jumps higher by ~7 per cent; do you own it?

The stock is currently trading near its 52-week high of Rs 83

On Tuesday, shares of NCC surged 6.97 per cent to reach Rs 78.15 per share after the spurt in volume which was more than 10.75 times. The stock also gained positive traction on November 14, when the spurt in volume was more than 2.14 times. The stock is currently trading near its 52-week high of Rs 83.

Recently, the company released the Quarterly Results and reported a consolidated total income of Rs 3405 crore, up by 30.92 per cent from the previous corresponding quarter last year. The company announced a 15 per cent rise in the net profit to Rs 131 crore against the previous quarter last year.   

NCC Ltd. is engaged in the infrastructure sector, primarily in the construction of industrial and commercial buildings, roads, water supply and environment projects, mining, power transmission lines etc. NCC comprises 57 per cent of buildings division, 18 per cent of water & environment division and the rest of roads, mines and electrical etc. Currently, the company is well placed in terms of order book at a level of Rs 40,616 crore.  

Long-term investors should keep a close eye on this Rakesh Jhunjhunwala portfolio stock.