Multibagger stock below Rs 50: This construction company receives orders worth Rs 448.02 crore!

Since the stock is listed on the exchanges (April 13, 2012) the stock gave multibagger returns of 465 per cent till today.

NBCC (India) Ltd (BSE Script Code: 534309; NSE Script Code: NBCC), has been awarded a work order worth Rs 448.02 from the Department of Border Management (BM-1 Division Ministry of Home Affairs, Government of India. The order includes the construction of a border road between BP No. 2350 to BP. No. 2364 (length 88.58 Kms)" in the state of Mizoram along India Bangladesh Border (IBB).   

Today, shares of NBCC (India) Ltd on Monday, 0.71 per cent to Rs 35.64 per share from its previous closing of Rs 35.39 with an intraday high of Rs 36.10 and low of Rs 35. 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 3.18 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 465 per cent till today. Investors should keep an eye on this Mid-Cap stock.