52-week high alert: This multibagger civil construction company signs MoU with Indian Green Building Council
The stock gave multibagger returns of 115 per cent in just 3 years and over 550 per cent returns in 1 decade.
NBCC (India) Ltd (BSE Script Code: 534309; NSE Script Code: NBCC), a leading PSU civil construction company announced that the company has signed a memorandum of understanding (MoU) with Indian Green Building Council (IGBC) on August 11, 2023 for promoting green buildings in the country and conducting awareness sessions for promoting green buildings to facilitate adoption of green buildings.
Earlier the company received multiple orders worth Rs 1,235.13 crore for infrastructure development, renovation, and construction projects. These include the development of infrastructure on the vacant space of land at Kandla SEZ, upcoming infrastructure development work at Currency Note Press, Nashik, upliftment and renovation of Pardeep port authority (PPA) administrative building, Jawahar Guest House and Aquarium along with a structural audit of PPA residential and non-residential buildings, an indoor sports stadium at Chaudhary Ranbir Singh University (CRSU) Jind, Haryana, and the redevelopment of Sarojini Nagar, New Delhi, Community Hall-6.
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.
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On Friday, shares of NBCC (India) Ltd zoomed 2.41 per cent to Rs 48.78 per share from its previous closing of Rs 47.63 with an intraday high of Rs 51.20 and low of Rs 48.50. The stock also traded at a new 52-week high of Rs 51.20 per share with a spurt in volume by more than 1.12 times on BSE.
The stock gave multibagger returns of 115 per cent in just 3 years and over 550 per cent returns in 1 decade. Investors should keep an eye on this Mid-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.