Rs 46,05,00,00,000 order worth in just one month: This Rakesh Jhunjhunwala’s favourite construction stock receives three orders

Ability to secure projects of national importance, as they originate from state and central government agencies

In the ever-evolving tapestry of the financial world, the concept of time holds a unique and unparalleled power—the power to change. This transformative force has been vividly exemplified by the remarkable journey of NCC Ltd, a construction giant hailing from the vibrant city of Hyderabad, India. From the pinnacle of its valuation in February 2021 to the depths of June 2022, where its stock price nearly halved, NCC's fortunes underwent a profound transformation.

Like a phoenix rising from the ashes, NCC emerged as a shining beacon of resilience and prosperity, witnessing an astonishing tripling of its stock value. This remarkable resurgence earned NCC the coveted status of a "multibagger stock," symbolizing the extraordinary returns it delivered to its investors.

NCC Ltd, with a strong presence on the National Stock Exchange Limited and BSE Limited, has made its indelible mark in the construction industry. Its diverse portfolio encompasses a wide range of sectors, including roads, buildings, irrigation, water and environment, electrical, metals, mining, and railways. Beyond the borders of India, NCC's footprint extends to the Middle East, where its subsidiaries in Muscat and Dubai further bolster its global presence.

When one mentions NCC today, it's impossible not to think of the late Shri Rakesh Jhunjhunwala, often referred to as India's Warren Buffett. His widow, Rekha Rakesh Jhunjhunwala, commands a substantial stake in the company, amounting to an impressive 13.09 percent of ownership, equivalent to a staggering 8,21,80,932 shares.

One of the most striking facets of this multibagger construction stock is its recent achievement. In the month of September 2023, NCC clinched an array of awe-inspiring contracts valued at a staggering Rs 4,205.94 crore. These contracts, totaling three in number, serve as a testament to NCC's prowess and reputation in the industry.

The first of these monumental orders, amounting to Rs 819.20 Crore, is attributed to NCC's Water Division. The second, worth Rs 173.19 Crore, falls within the purview of the Electrical Division. Lastly, the crown jewel of these contracts, valued at Rs 3,213.55 Crore, is associated with NCC's Transportation Division.

Notably, the latter contract, worth Rs 3,213.55 Crore, represents NCC's 51 percent share of a colossal Rs 5,301.08 crore order awarded to the J.Kumar-NCC Joint Venture by the Brihanmumbai Municipal Corporation. This significant development was duly disclosed to the National Stock Exchange and BSE on the 22nd of September, 2023.

It is imperative to underline that these substantial orders are a testament to NCC's ability to secure projects of national importance, as they originate from state and central government agencies. Notably, these figures do not even include any internal orders, further underscoring the depth and magnitude of NCC's endeavors in the world of construction.

In the grand narrative of NCC Ltd, the power of time to bring about change has been harnessed to turn adversity into triumph, exemplifying the enduring spirit of innovation and resilience that defines this exceptional company. As it continues to shape skylines and infrastructures across the nation and beyond, NCC's journey remains a shining example of the enduring force of transformation and growth.