Multibagger stock below Rs 40: This civil construction company receives work orders worth Rs 541.02 crore!
The company's shares went public on April 13, 2012 and since then, they have generated multibagger returns of 480.70 per cent.
NBCC (India) informed that it has been awarded with work orders worth Rs 541.02 crore. They are as follows:
Order No:1 National Health Mission placed work order worth Rs 23.75 crore for the construction of Critical Care Block, Chamba, Himachal Pradesh.
Order No:2 Industrial & Commerce Department, Government of J&K placed a work order worth Rs 217.27 crore for the Development of a New Industrial Estate in UT of Jammu & Kashmir.
Order No:3 ICT-IOC, Bhubaneswar placed a work order worth Rs 300 crore for the Construction of the Institute of Chemical Technology, Indian Oil Odisha campus at Bhubaneswar (ICT-IOCB).
Shares of NBCC (India) Ltd surged 2.43 per cent to Rs 36.70 per share from its previous closing of Rs 35.83. The stock has a 52-week high of Rs 43.80 and a 52-week low of Rs 26.70.
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 which are project management consultancy, engineering procurement & construction and real estate.
According to the financials, this PSU company has a market cap of Rs 6,565 crore. The company reported positive numbers in its Quarterly Results and annual results.
The company's shares went public on April 13, 2012 and since then, they have generated multibagger returns of 480.70 per cent. Investors should keep an eye on this Mid-Cap stock.