Multibagger penny stock under Rs 65 and Rs 55,000 crore order book: This multibagger civil construction company bags new work order worth Rs 80 crore!

The stock has gained more than 100 per cent in the last one year.

NBCC (India) Limited informed in the exchange filing that the company had bagged a new order worth Rs 80 crore from Visakhapatnam Port Authority. The order involves renovation, refurbishment of office buildings located in Visakhapatnam Port Authority.

The company posted impressive Quarterly Results. The revenue of the company for Q1FY24 stood at Rs 1913.79 crore which grew by 7.11 per cent YoY. The company's operating profit stood at Rs 105.10, while the PAT of the company stood at Rs 77.47 crore which grew by 1338 per cent.

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NBCC is a central government enterprise under the Ministry of Urban Development and is a Schedule A Navratna company. The company was set up to undertake civil and industrial infrastructure projects for central and state governments. Under this arrangement, projects are awarded on a nomination basis to NBCC, and the company assigns the projects to third-party contractors. The company also secures jobs from government and public sector clients through tenders and develops commercial and residential projects.

As of Q1FY24, the company has an order book worth Rs 55,000 crore. The company's management is also expecting orders worth Rs 11,000 crores to Rs 12,000 crores in the future. The shares of the company have gained about 180 per cent in the last three years and investors should keep a close eye on this stock.

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