Multibagger stock below Rs 50: This construction company receives orders worth Rs 146.39 crore!
Today, shares of the company saw a spurt in volume by more than 4.13 times on BSE.
NBCC (India) Ltd (BSE Script Code: 534309; NSE Script Code: NBCC), has been awarded work orders totalling Rs 146.39. Details below:
Order No-1: To construct hostel building, boundary wall and other works at GKCIET Maida- West Bengal (Phase II developmental work) from Ghani Khan Choudhary Institute of Engineering and Technology, (GKCIET) Maida, West Bengal for an order worth Rs 46.39 crore.
Order No-2: Redevelopment, repair & maintenance facility management services etc of SIDBI buildings on a Pan India basis from Small Industrial Development Bank of India (SIDBI) for an order worth Rs 100 crore.
Today, shares of NBCC (India) Ltd, rose 11.92 per cent to Rs 34.84 per share from its previous closing of Rs 31.13 with an intraday high of Rs 36.72 and a low of Rs 31.45. The stock has a 52-week high of Rs 43.80 and a 52-week low of Rs 26.70. Today, shares of the company saw a spurt in volume by more than 4.13 times on BSE.
NBCC (India) Ltd is engaged in project management consultation, engineering procurement and construction and real estate making up the company's three main business divisions. In both its quarterly and annual results, the company reported positive numbers.
Since the stock is listed on the exchanges (April 13, 2012) the stock gave multibagger returns of 451.27 per cent till today. Investors should keep an eye on this Mid-Cap stock.