Rakesh Jhunjhunwala gained Rs 90,39,90,252 from this multibagger stock in just one day; company has an order book of over Rs 8,000 crore!

Stock has proven itself to be a multibagger stock, delivering returns of over 100 per cent in just one year

In the world of Indian stock markets, where indices often dance to their own tunes, one particular stock stood out like a beacon of light – NCC. While the Nifty and Sensex struggled to find their footing, NCC emerged as a shining star, leaving investors amazed.

NCC, a Hyderabad-based construction company, is no stranger to the construction arena. They've mastered the art of building roads, buildings, irrigation systems, and more. Their portfolio even extends to electrical, metals, mining, and railways. Their footprint isn't just limited to India; they've made their mark in the Middle East through subsidiaries in Muscat and Dubai. NCC doesn't stop there; they've ventured into road and energy projects through their subsidiary, NCC Infrastructure Holdings Limited, and even dipped their toes into real estate via NCC Urban Infrastructure.

On a particular Tuesday, NCC's stock price embarked on an impressive journey, soaring over 7 per cent and closing the day at an impressive Rs 159.45 on NSE. This stock's performance wasn't a fluke; it displayed clear signs of a trending day. Opening at Rs 149.60, it momentarily touched an intraday low of Rs 149.40 before deciding to defy gravity, steadily climbing higher. What's more, the trading volume recorded on that day was the highest for September 2023.

But why was NCC suddenly the star of the show? Well, it recently took the limelight thanks to its staggering order book growth. During a conference call, the management proudly announced an 83 per cent increase in the order book, reaching a substantial Rs 8,054 crore. But that's not all; there's another remarkable facet to this story – Rekha Rakesh Jhunjhunwala's significant stake in the company. Mrs. Jhunjhunwala, the wife of the revered Indian Warren Buffett, the late Shri Rakesh Jhunjhunwala, holds a sizable 13.09 per cent stake in NCC. This translates to nearly 8.22 crore shares. Now, here's the eye-popping revelation: the upswing in NCC's stock on that trading session would have netted her a jaw-dropping sum of over Rs 90 crore in a single day. Astonishing, isn't it?

If that doesn't impress you enough, consider this: NCC has proven itself to be a multibagger stock, delivering returns of over 100 per cent in just one year. So, if you're among the fortunate ones holding this stock in your portfolio, take a moment to savor the impressive gains it has brought your way.

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