Rs 1235.13 crore orders: This multibagger civil construction company receives multiple orders for various projects; stock hit 52-week high!
The stock gave multibagger returns of 115 per cent in just 3 years and over 550 per cent returns in 1 decade.
NBCC (India) Ltd (BSE Script Code: 534309; NSE Script Code: NBCC), a leading PSU civil construction company, informed that the company has received multiple orders worth Rs 1,235.13 crore from various projects: Details below:
Order No – 1: Development of infrastructure on the vacant space of land at Kandla SEZ. The company has received an order from KASEZ Authority for Rs 98 crore.
Order No – 2: Upcoming infrastructure development work at Currency Note Press, Nashik. The company has received an order from Currency note press Nashik for Rs 50 crore.
Order No – 3: Upliftment and renovation of Pardeep port authority (PPA) administrative building, Jawahar Guest House and Aquarium along with a structural audit of PPA residential and non-residential buildings. The company has received an order from Paradeep Port Authority (PPA) for Rs 115.44 crore.
Order No – 4: Indoor sports stadium Chaudhary Ranbir Singh University (CRSU) Jind, Haryana. The company has received an order from CRSU Jind for Rs 15.87 crore.
Order No – 5: Redevelopment of Sarojini Nagar, New Delhi, Community Hall-6 and allied works on an EPC basis including operation & maintenance for 5 years from Varindera Constructions Ltd, Gurugram, for a total contract value of Rs 955,81,83,456 inclusive of O&M, other taxes, duties, cess and Statutory levies.
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On Friday, shares of NBCC (India) Ltd zoomed 2.41 per cent to Rs 48.78 per share from its previous closing of Rs 47.63 with an intraday high of Rs 51.20 and low of Rs 48.50. The stock also traded at a new 52-week high of Rs 51.20 per share with a spurt in volume by more than 1.12 times on BSE.
The stock gave multibagger returns of 115 per cent in just 3 years and over 550 per cent returns in 1 decade. Investors should keep an eye on this Mid-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.