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NBCC bags Rs 150 crore order from Khadi and Village Industries Commission; stock rises by 4% in early trade

20 September 20233 mins read by Angel One
Shares of the company have generated an impressive return of 78% in the last one year.
NBCC bags Rs 150 crore order from Khadi and Village Industries Commission; stock rises by 4% in early trade
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NBCC Limited, a prominent construction company of the Government of India and a Navratna Enterprise under the Ministry of Housing and Urban Affairs, specializing in construction projects, has made a significant announcement regarding recent orders received by the company.

As detailed in the official report published by the company after the market closed on Friday, NBCC Limited has been awarded a contract by the Khadi and Village Industries Commission.

The company has received an order for the planning, designing, and execution of upcoming projects, including the construction of office buildings, residential campuses, redevelopment, and the repair and renovation of KVIC properties across India, among other tasks. The total order value is approximately Rs 150 crore.

The company operates in three major segments that is Project Management Consultancy, Engineering Procurement and construction, and Real Estate.

Furthermore, this month the company secured another contract, which was announced on September 13, from Steel Authority of India Limited (SAIL). This contract pertains to consultancy and project management services for upcoming infrastructure projects related to Bokaro Steel Limited, including the plant, township, mines, and collieries. The value of this order was Rs 180 crore.

Today, the company’s shares began trading at Rs 59.83, marking a 1.92% increase from the previous day’s closing price of Rs 58.70. They reached an intraday high of Rs 61.10 each on the BSE and, at the time of writing, are trading at Rs 60.59 apiece which is 3.66% from the previous day’s closing price.

The market capitalization of the company stands at Rs 10,906 crore, with a 52-week high and low price of Rs 63.65 and Rs 29.85, respectively. Additionally, the stock has delivered a return of 28% in the past month and 135% over the last three years.

Here is the chart presentation of the company’s shares on the weekly time frame:

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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