Rs 50,000 crore order book: LIC-backed multibagger penny stock bags multiple new orders worth more than Rs 352.13 crore; do you hold it?

Shares of the company have gained more than 110 per cent in the last six months.

NBCC has secured a new project for the construction of the National Institute of Fashion Technology (NIFT) campus in Varanasi, Uttar Pradesh, valued at approximately Rs 218 crore. This project also includes modification works of the existing Trade Facilitation Centre.

Furthermore, the company received administrative approval for a cost increase of Rs 134.13 crore on the BPS Government Medical College, Khanpur, Sonepat project, originally awarded for Rs 285 crore. This brings the revised project cost to Rs 419.13 crore.

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NBCC (India) Limited reported a strong robust quarter for FY24, with a net sales increase of 1.72 per cent to Rs 2,047.70 crore, compared to Rs 2,013.08 crore in the same quarter last year. The operating profit also experienced a significant increase of 29.29 per cent. The net profit for the quarter stood at Rs 81.79 crore, which was Rs 97.69 crore in the previous year's same quarter. The company expects to achieve a secured business of around Rs 10,000 crore during the current financial year and a bottom line of Rs 1,000-1,200 crore in the next five years.

NBCC (India) Limited is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs. The stock has delivered multibagger returns of over 160 per cent in the last three years. The company has an order book worth Rs 55,000 crore and LIC owns a 6.55 per cent stake in the company.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

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