NBCC (India) Ltd | Mid-Cap Stock Performance Analysis

Multibagger stock NBCC bags new work order; details inside

This mid-cap stock has given multi-bagger returns of 111.53% in just 3 months and in the past year the company’s shares have yielded a whopping return of 328.08%.

About the Expansion
NBCC (India) Ltd which is Navratna company in the business of Project Management Consultancy, Engineering Procurement & Construction, and Real Estate has reported to the exchange that it has been awarded an order for the construction of a permanent campus of the National Institute of Technology (NIT) Sikkim located at Dung Dung Khamdong, Gangtok, Sikkim. The total cost for the order stands at Rs 560 crore.

Yesterday also company reported that it has awarded three different orders from Rani Lakshmi Bai Central Agriculture University, High Court for the State of Telangana and Institute of Chartered Accounts of India totalling worth Rs 365.05 crore. As of November 1, 2023 company’s consolidated order book stands at Rs 55,300 crore approximately. Consolidated new orders secured in the current financial year FY24 stand at Rs 7,000 crore.

Stock Performance
In the last trading session, the stock closed at Rs 141.30. Today it opened at Rs 142.55 and closed at 142.55, up by 0.88%. The company’s 52-week high stands at Rs 176.50, while its 52-week low stands at Rs 30.96. Currently, the company boasts a market capitalisation of approximately Rs 25,600 crore. In just the last 3 months, the shares of the company have given a multibagger return of 111.53%. In the past six months, shares of the company increased in value by 200.93%, and in the past year, the company’s shares have yielded a whopping return of 328.08%. Over the past year, BSE Industrials have changed by 68.21%.

About the company
National Buildings Construction Corporation (NBCC) was established in 1960 as a government-owned undertaking under the Ministry of Urban Development (MoUD). The President of India holds the majority of the company’s equity share capital. It operates in three primary segments: project management consultancy (PMC), engineering procurement and construction (EPC) and real estate development. PMC focuses on executing landmark projects in various sectors, while EPC focuses on niche markets and constructing power sector chimneys and cooling towers.

Disclaimer: This post 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.