52-week high alert: This Jhunjhunwala stock receives more than Rs 3,000 crore worth of orders!

The stock has witnessed significant buying activity as it has zoomed more than 79 per cent in just 1 year

On Tuesday, shares of NCC surged by more than 2.9 per cent to trade at a new 52-week high level of Rs 123.20 apiece. The scrip witnessed a massive spurt in volume. 

On May 02, 2023, the company informed the exchange that it has bagged 6 new orders aggregating Rs 3344 crore. Among these orders, 3 orders are related to the building division aggregating to Rs 2506 crore; 2 orders valuing Rs 538 crore towards the electrical division and 1 order of Rs 300 crore relating to the water division. 

As per the latest shareholding pattern of the company, it has been disclosed that late investor Rakesh Jhunjhunwala’s wife, Rekha Jhunjhunwala, held 13.09 per cent stake in the company as on March 2023. 

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. 

The stock has witnessed significant buying activity as it has zoomed more than 79 per cent in just 1 year and more than 60 per cent in just 6 months. Over the past 1 month, the stock has surged more than 13 per cent. 

Keep a close eye on this trending Jhujhunwala stock.