1:2 bonus share & Rs 84,400 crore order book: Multibagger stock under Rs 100 jumps after bagging Rs 316 crore order from Government of Odisha
The stock gave multibagger returns of over 120 per cent from its 52-week low is Rs 42.55 per share. Investors
On Wednesday, shares of NBCC (India) Ltd-backed by the President of India & LIC; jumped 1.18 per cent to Rs 95.70 per share from its previous closing of Rs 94.58 per share. The stock’s 52-week high is Rs 139.90 and its 52-week low is Rs 42.55. The company has a market cap of Rs 25,839 crore and has been maintaining a healthy dividend payout of 35 per cent.
NBCC (India) Limited has secured a significant work order valued at approximately Rs. 316 crore. The project involves the upgradation of Primary School Hostels (PSH) at various locations in the state of Odisha. This contract was awarded by the ST & SC Development, Minorities & Backward Classes Welfare Department, Government of Odisha, and is expected to contribute to the development of educational infrastructure in the region.
NBCC (India) Limited, a prominent government-owned construction company under India's Ministry of Housing and Urban Affairs, offers a comprehensive suite of services across three key segments. Their project management consultancy (PMC) arm tackles civil construction projects for various sectors including residential, commercial, healthcare, and educational institutions. Additionally, they specialize in engineering, procurement, and construction (EPC) for complex structures like high-rise chimneys and cooling towers. Finally, NBCC (India) Limited is a major player in real estate development, building residential townships, apartments, commercial office spaces, and shopping malls.
DSIJ's DSIJ's ‘Mid Bridge’ service recommends well researched Mid-Cap stocks for smart investing. If this interests you, do download the service details here.
According to the Quarterly Results, the net sales increased by 19.50 per cent to Rs 2,458.73 crore and the net profit increased by 53 per cent to Rs 124.88 crore in Q2FY25 over Q2FY24. In its half-yearly results, the net sales increased by 16 per cent to Rs 4,602.89 crore and the net profit increased by 46 per cent to Rs 232.09 crore in H1FY25 over H1FY24.
Furthermore, the shares of the company ex-traded bonus shares in the ratio 1:2 i.e., 1 new fully paid-up equity share of Re 1 each for every 2 existing fully paid-up equity shares of Re 1 each to the eligible members of the company as on record date. The ex-date for bonus shares was Monday, October 07, 2024.
The company's order book as of September 30, 2024, stands at Rs 84,400 crore. As of October 2024, the President of India owns a 61.75 per cent stake and the Life Insurance Corporation of India (LIC) owns a 5.11 per cent stake in the company. The stock gave multibagger returns of over 120 per cent from its 52-week low is Rs 42.55 per share. Investors should keep an eye on this mid-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.