Rs 50,000 crore order book: LIC-backed multibagger penny stock bags multiple new orders worth Rs 609 crore; do you hold it?

Shares of the company have gained more than 150 per cent in the last six months.

NBCC (India) Limited has collaborated with IFCI Limited through a Memorandum of Understanding (MoU) signed on February 28, 2024. This collaboration focuses on the planning, designing and execution of infrastructure projects" and repair/renovation works for IFCI properties across India, with an estimated project value of Rs. 150 crores.

Furthermore, HSCC (India) Ltd, a wholly-owned subsidiary of NBCC, has secured a significant project involving the construction of a medical complex in Maharashtra. The project entails building a 600-bed general hospital, a 250-bed government cancer hospital, and a 250-bed super speciality hospital in Kolhapur, with a total estimated value of Rs. 459.70 crores.

Also read, Top 5 Important Ratios to Unlock Stock Investment Success

This collaboration and project win highlight NBCC's growing presence in the infrastructure development sector, particularly in the healthcare domain. By leveraging its expertise and subsidiary capabilities, NBCC is poised to contribute significantly to India's healthcare infrastructure development while establishing itself as a trusted partner for organizations like IFCI.

NBCC (India) Limited is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs. The company operates in three major segments - Project Management Consultancy, Engineering Procurement & Construction, and Real Estate. The stock has delivered multibagger returns of over 260 per cent in the last one year. The company has an order book worth more than Rs 55,000 crore and LIC owns a 6.55 per cent stake in the company.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.