Multibagger penny stock under Rs 70 and Rs 55,000 crore order book: This multibagger civil construction company bags new work order worth Rs 312.79 crore!

The stock has gained more than 100 per cent in the last one year.

NBCC (India) Limited has bagged four new orders worth Rs 312.79 crore. The first order is to provide and fix LED flood lights in the Dampa Tiger Reserve Forest (DTRF) area in Mizoram State along the Indo-Bangladesh Border for Rs 60.79 crore. The order has been placed by the Directorate General, C.P.W.D. The second order is for the construction of Phase A and B works for JNV Khagariya (Bihar) for Rs 40 crore. This order has been placed by Navodaya Vidyalaya Samiti.

The third order is from the University of Health Sciences Kutail at Karnal, Haryana and is worth Rs 75 crore. The order is for planning and procurement of hospital furniture, biomedical equipment, installation and long-term maintenance for the under-construction hospital. The fourth order is worth Rs 137 crore and is for planning and procurement of hospital furniture, bio-medical General, equipment, installation and long-term maintenance for the under-construction Government Medical Colleges at Koriyawas, Mahendergarh and Pt. Neki Ram Sharma Government Medical College, Bhiwani, Haryana.

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NBCC is a central government enterprise under the Ministry of Urban Development and is a Schedule A Navratna company. The company was set up to undertake civil and industrial infrastructure projects for central and state governments. As of Q1FY24, the company has an order book worth Rs 55,000 crore. The company's management is also expecting orders worth Rs 11,000 crores to Rs 12,000 crores in the future.

The shares of the company have gained about 180 per cent in the last three years and investors should keep a close eye on this stock.

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