Stock below Rs 50: Keep a close eye on this Navratna enterprise which bagged a huge order!

The company has shown positive traction in the past 6 months as it has gained over 21 per cent

On Tuesday, shares of NBCC (India) zoomed more than 3 per cent to make an intraday high of Rs 40.58. The scrip witnessed a massive spurt in volume by more than 1.08 times.  

The company informed the exchange that they have been awarded project management consultant for the redevelopment of Government of India Presses at Mayapuri, Rashtrapati Bhawan, (Delhi), Nashik and Kolkata, by the Directorate of Printing, Ministry of Housing & Urban Affairs. The broad consideration of the order is Rs 749.28 crore.  

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 company has shown positive traction in the past 6 months as it has gained over 21 per cent. Keep a close eye on this trending stock.