Multibagger stock below Rs 50: This construction company receives an order worth Rs 81.19 crore!

Since the stock is listed on the exchanges (April 13, 2012) the stock gave multibagger returns of 404 per cent till today.

NBCC (India) Ltd informed that its Wholly Owned Subsidiary HSCC (India) Limited, has been awarded a work order totalling Rs 81.19 crore from All India Institute of Medical Science (AIIMS), New Delhi.  

The project comprises of construction of vertical expansion of service block (1st Floor to 9th Floor), at AIIMS Campus, New Delhi by design engineering and project management consultancy on deposit work basis. The order will be completed within 18 months from the date of commencement of work.  

Shares of NBCC (India) Ltd on Monday plunged 2.20 per cent to Rs 32.08 per share from its previous closing of Rs 32.80 with an intraday high of Rs 33.26 and low of Rs 31.73. The stock has a 52-week high of Rs 43.80 and a 52-week low of Rs 26.70. Today, shares of the company saw a spurt in volume by more than 1.05 times on BSE.  

NBCC (India) Ltd is engaged in project management consultation, engineering procurement and construction and real estate making up the company's three main business divisions. In both its quarterly and annual results, the company reported positive numbers.  

Since the stock is listed on the exchanges (April 13, 2012) the stock gave multibagger returns of 404 per cent till today. Investors should keep an eye on this Mid-Cap stock.