NBCC Share Price: If you have also invested in NBCC shares then this news will make you happy. Yes, after the company received an order of Rs 2,000 crore from the Kerala State Housing Board, its shares are seeing a tremendous rise. During the trading session on Wednesday, the company’s shares rose more than 6 percent to reach a 52-week high of Rs 63.65.
NBCC has signed an MoU with the Kerala State Housing Board for the development of a 17.9-acre land parcel at Marine Drive, Kochi. NBCC reported a total operating revenue of Rs 8,754.44 crore for the financial year 2022-23. The market cap of the company on 5 September is more than Rs 10,700 crore.
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NBCC stock has increased by more than 15% in the last five trading sessions. There has been a jump of 65% in the last six months alone. The stock of NBCC, which closed at Rs 59.1 on September 5, made a high of Rs 63.60 on Wednesday.
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Earlier, on September 4, the company had received orders for repair work in the Mint, Mumbai factory premises and planning, designing of housing quarters in the Mint premises. The cost of this order is around Rs 20 crore.
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Earlier in August, the company had received the order for design and construction of IMA House project in Indraprastha, New Delhi. This order is said to be worth Rs 66.32 crore. This work is expected to be completed within 30 months.
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NBCC (India) Limited is a state owned infrastructure enterprise under the Ministry of Housing and Urban Affairs. The company is engaged in real estate, project management consultancy and engineering procurement and construction in the major sectors.
