Multibagger penny stock under Rs 85 and FIIs increase stake: This PSU construction company with Rs 55,000 crore order book bags new order worth Rs 388 crore!
Shares of the company have gained more than 100 per cent on a YTD basis.
NBCC, India's leading construction player, is on a winning streak. The company won three major contracts highlighting their diverse expertise and commitment to national development. The first contract is worth Rs. 88.9 crores from Delhi Metro Rail Corporation Limited (DMRC) to act as Project Management Consultant for the construction of a staff quarter residential building for the ongoing Bhubaneswar Metro Rail Project.
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The second contract is worth Rs 150 crore by SAIL ISP Burnpur for the development of civil and various infrastructure works at its plant and township. This domestic contract encompasses a broad range of construction and infrastructure projects.
The third order won is worth a Rs 150 crore deal with SAIL DSP, Durgapur, which sees NBCC undertaking extensive construction and renovation works, solidifying its presence in the steel sector and driving domestic infrastructure upgrades. This three-year Project Management Consultancy project showcases their capabilities in revitalizing crucial industrial facilities.
These orders have been received by the company in the last few days which reinforce NBCC's position as a leading player in the construction and infrastructure sector.
NBCC (India) Limited is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs. The stock has delivered multibagger returns of over 160 per cent in the last three years. The company has an order book worth Rs 55,000 crore and FIIs increased their stake in September 2023.
The stock has shown tremendous growth and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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