Shares of this Navratna company jumped by more than 10% today

Shares of this Navratna company jumped by more than 10% today

by 5paisa Research Team Last Updated: Mar 29, 2023 - 09:21 pm 1.2k Views
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The company has recently bagged two work orders worth more than Rs 140 crore.

About New Development

Two job orders totaling Rs 146.39 crore have been awarded to NBCC (India). Out of the total work order, the company has received orders for Rs 100 crore for various work (Redevelopment, repair & maintenance, facility management services, etc.) of SIDBI buildings on a pan-India basis from SIDBI and for Rs 46.39 crore for the construction of a hostel building, a boundary wall, and other works at GKCIET Maida-West Bengal (Phase II developmental work) from Ghani Khan Choudhary Institute of Engineering and Technology.

Price Movement of NBCC (India) Limited

The scrip opened at Rs. 31.45 and touched a high and low of Rs 36.72 and Rs 31.45, respectively. Its 52-week high stood at Rs 43.80, whereas its 52-week low was Rs 26.70. The current market cap of the company is Rs 6,271.20 crore. Promoters hold 61.75 per cent, whereas institutional and non-institutional holdings are 14.26% and 24%, respectively.

Company profile

As a fully owned Government of India enterprise, National Buildings Construction Corporation (NBCC) was established in November 1960 under the former Ministry of Works, Housing & Supply, which is now the Ministry of Urban Development. (MoUD). The GoI currently owns 100% of the stock share capital of the business, operating through the MoUD on behalf of the President of India. NBCC (India), which has its corporate headquarters in Delhi, is a Navratna CPSE today and has established itself as the uncontested champion in the construction industry thanks to its capabilities, creative thinking, adherence to the highest standards of quality, on-time performance, and a committed workforce. 

NBCC, which has a significant market cap, is traded on both the National Stock Exchange (NSE) and the Bombay Stock Exchange in India. (BSE).

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