This small-cap company wins 6 orders worth Rs 3,344 crore; shares surge
Shares of the company jumped by more than 2% after this development.
About the Orders
In the month of April 2023, NCC received 6 new orders worth a combined Rs 3344 crore (excluding GST). The Buildings Division received three orders totalling Rs 2506 crore, two orders totalling Rs 538 crore, and one order totalling Rs 300 crore. The Electrical Division received two orders totalling Rs. There are no internal orders included in these orders; they are ones that were received from State and Central Government, Agencies.
Share Price Movement of NCC Ltd
The scrip opened on Tuesday at Rs 119.80 and touched a high and low of Rs 123.50 and Rs 119.80, respectively. Its 52-week high stood at Rs 123.50, whereas its 52-week low was Rs 51. The current market cap of the company is Rs 7,700.54 crore. Promoters hold 22%, whereas the Institutional and non-institutional holdings is 32.82% and 45.16%, respectively.
In 1978, NCC Limited was founded as a partnership firm. In 1990, it changed its legal status to a limited company. In 1992, the Company's shares were listed on Indian stock exchanges as a result of a public offering of equity shares. In the infrastructure sector, the Company, its subsidiaries, and associates—collectively referred to as the "Group"—undertake turnkey EPC contracts as well as BOT projects on a public-private partnership basis. Buildings & Housing, Roads & Railways, Mining, Water & Environment, Irrigation, Power & Electrical, Metals, Oil & Gas, and International Business make up the Group's range of verticals.
The company has experienced impressive growth over the past 40 years in terms of both the quantity and variety of projects. When it comes to acquiring the knowledge necessary to manage difficult and complex projects, the company has grown from strength to strength.
Start Investing in 5 mins*
Rs. 20 Flat Per Order | 0% Brokerage
About the Author
DisclaimerInvestment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Open Free Demat Account
By proceeding, you agree to the T&C.
Fill in your details below: