Rs 55,300 crore order book: LIC-backed multibagger stock bags new order worth Rs 400 crore; do you hold it?

Shares of the company have gained about 100 per cent in the last six months.

NBCC (India) Limited has secured new project wins valued at approximately Rs. 400 crores. These projects involve the completion of stalled residential developments by Amrapali in two different locations: Amrapali Vananchal City in Bhilai District, Chhattisgarh, and Amrapali Cosmos in Aluva, Ernakulam District, Kerala.

The company posted robust Quarterly Results. The revenue of the company for Q3FY24 stood at Rs 2405.51 crore which increased by 13.66 per cent YoY. The operating profit of the company stood at Rs 176.22 crore, while the PAT of the company stood at Rs 113.60 crore, from a profit of Rs 71.39 crore last year same quarter.

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 220 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.

Today, the stock opened at Rs 137.80, with a high and low of Rs 139.25 and Rs 133.30, respectively. The stock is currently trading at Rs 134.00, which decreased by 1.36 per cent. The stock has a 52-week high of Rs 176.50 and a 52-week low of Rs 38.10.

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.