Multibagger stock under Rs 150: This multinational infrastructure company received orders worth Rs 2,055 crore!

Shares of this company have jumped more than 25 per cent in the last 6 months.

On July 1, 2023, NCC Limited in the exchange filling informed that it has received new orders of Rs 2,055 crore in June 2023. Out of these orders, two orders valuing Rs 1335 crores relating to Building Division, and one order valuing Rs 720 crores relating to Electrical Division. All the orders are from various state government agencies.

NCC Limited is engaged in the business of civil construction in segments such as buildings, water, roads, irrigation, power, electrical, railways, metals, and mining. The company offers services that cut across multiple divisions to address various facets of infrastructure needs.

NCC Limited has also delivered multibagger returns to its shareholders. During this period, the company’s share price jumped from Rs 54.50 on July 04, 2022, to Rs 122.10 on June 30, 2023, an increase of about 120 per cent in a one-year holding period. And in the last six months, the stock has gained about 32 per cent.

On Friday, the stock opened at Rs 120.05, with a high and low of Rs 122.45 and Rs 120.05. The stock closed trading at Rs 121.60, up by 1.15 per cent. 

The stock has a 52-week high of Rs 129.85 and a 52-week low of Rs 53.15. The company has a ROCE of 20.2 per cent and an ROE of 10.5 per cent with a market capitalisation of Rs 7,666 crore.