This multibagger company secures a contract worth Rs 20 crore from the Government of India!
On Monday, shares of the company surged by more than 9 per cent and traded on its new 52-week high of Rs 57.70.
NBCC (India) Limited is a Navratna Enterprise of the Government of India, operating under the Ministry of Housing and Urban Affairs. The company functions across three primary segments: Project Management Consultancy, Engineering Procurement & Construction, and Real Estate.
NBCC has recently secured a contract from the Indian Government worth Rs 20 crore. The contract encompasses various tasks, including structural and non-structural repairs at the Mint factory premises in Mumbai, along with renovation works and repairs to residential quarters at the Mint premises. Additionally, the project involves the construction of a Transit Camp at Mint Colony, Parel, Mumbai.
This contract was awarded domestically and is categorized as Project Management Consultancy on a deposit work basis. The timeline for the execution of the contract is yet to be determined. The contract does not have any known interests from the promoter or promoter group in the entity that awarded the contract. Furthermore, the contract does not fall under related party transactions.
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The company has delivered returns of 66 per cent over the past year and great returns of 111 per cent over the past 3 years. Additionally, the company has a ROCE of 26.2 per cent and a ROE of 19%.
On Monday, shares of the company surged by more than 9 per cent and traded on its new 52-week high of Rs 57.70. Additionally, the scrip had a spurt in volume by more than 3.7 times.
Investors should keep a close eye on this trending stock.
Disclaimer: The article is for informational purposes only and not investment advice.