Multibagger from its 52-week low: This civil construction company receives orders worth Rs 1,919 crore!
The stock gave multibagger returns of 112.75 per cent from its 52-week low of Rs 51 per share.
NCC Limited has received 5 new orders aggregating Rs 1919 crore (excluding GST). Out of these orders, two orders valued at Rs 952 crore are related to the transportation division, two orders valuing Rs 792 crore are related to Electrical Division, and one order valuing Rs 175 crore relates to the building division. These orders are received from State & Central Govt.
On Monday, shares of NCC Ltd zoomed 0.71 per cent to Rs 107.50 per share with a day’s high of Rs 108.50 and a low of Rs 105.08. The stock has also traded at a new 52-week high of Rs 108.50.
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.
Talking about the financials, NCC has a market cap of Rs 6,722 crore. NCC reported positive numbers in its Quarterly Results and annual results. In Q3FY23, net sales zoomed 28 per cent and net profit zoomed 100 per cent over Q3FY22. The stock has a PE of 10.59x whereas the sectoral PE is 32x.
The stock gave multibagger returns of 112.75 per cent from its 52-week low of Rs 51 per share. Investors should keep an eye on this Mid-Cap stock.