Rs 55,000 crore order book and FIIs increase stake: This multibagger construction stock bags multiple new order worth Rs 1679 crore!
Shares of the company have gained more than 100 per cent on a YTD basis.
NBCC, India's leading construction player, is on a winning streak. The company won three major contracts highlighting their diverse expertise and commitment to national development.
The company won a substantial Rs 150 crore deal with SAIL DSP, Durgapur, which sees NBCC undertaking extensive construction and renovation works, solidifying their presence in the steel sector and driving domestic infrastructure upgrades. This three-year Project Management Consultancy project showcases their capabilities in revitalizing crucial industrial facilities.
NBCC has been awarded a Rs 29.7 crore project by Pt. Deendayal Upadhyaya National Institute for Persons with Disabilities. This project involves constructing a Permanent Building for the Composite Regional Centre in Samba, Jammu, providing crucial facilities and support services for individuals with physical disabilities.
Recently, NBCC also secured a massive Rs 1,500 crore contract for constructing 1,469 warehouses and other Agri-infrastructure under India's largest grain storage plan. This Project Management Consultancy project not only showcases their expertise in large-scale infrastructure development but also contributes to national food security efforts.
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 - Project Management Consultancy, Engineering Procurement & Construction, and Real Estate. 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 FIIs increased their stake in September 2023.
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.
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