Multibagger penny stock under Rs 60: This civil construction company bags new worth Rs 25.19 crore from All Yavar Jung National Institute!

The stock is up by 85 per cent in just 1 year and over 150 per cent in 3 years.

NBCC (India) Ltd informed that the company have received an order worth Rs 25.19 crore from All Yavar Jung National Institute of Speech Hearing Disabilities (Divyangjan), AYJNISHD Mumbai. The order includes the construction of a permanent building of newly approved Composite Regional Centre (CRC) at Chhatarpur, Madhya Pradesh. The time period of the order is yet to be declared.

Earlier, the company received an order worth Rs 100 crore Steel Authority of India (Bhilai Steel Plant). The order includes construction of various development work at township and mines of SAIL Bhilai Steel Plant. The time period of the order is yet to be declared.

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. The company has a market cap of over Rs 10,000 crore.

According to the Quarterly Results, the net sales increased by 7 per cent to Rs 1,918 crore and the net profit skyrocketed to 1,640 per cent to Rs 77 crore in Q1FY24 over Q1FY23. The company also reported excellent numbers in its annual results. The company has been maintaining a healthy dividend payout of 44.4 per cent

On Wednesday, shares of NBCC (India) Ltd plunged 1.10 per cent to Rs 57.61 per share from its previous closing of Rs 58.25. The stock’s 52-week high is Rs 63.65 and its 52-week low is Rs 30.10.

The stock is up by 85 per cent in just 1 year and over 150 per cent in 3 years. Investors should keep an eye on this Mid-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.