NBCC shares have increased 224.77% in a year and will rise 66.10% in 2024.
Navratna PSU stock NBCC is in the limelight today after winning a Rs 450 crore deal
NBCC India‘s share price were up today after the government-owned civil construction giant said that it had secured contracts worth Rs 450 crore in Chhattisgarh and Kerala. NBCC India is in the project management consultancy and real estate business. The NBCC stated that it has received contracts of Rs 450 from the Supreme Court Receiver.
NBCC has received a contract worth Rs 250 crore in Amrapali Vananchal City, Bhilai District, Chhattisgarh.
It has secured a Rs 150 crore contract in Amrapali Cosmos, Aluva, Ernakulam District, Kerala.
The Navratna PSU shares closed Wednesday at Rs 135.85, up 5.72%. NBCC shares have increased 224.77% in a year and will rise 66.10% in 2024. The firm’s market capitalization climbed to Rs 24,453 crore. On Wednesday, a total of 11.14 lakh shares of the firm changed hands, resulting in a Rs 15 crore turnover.
However, the multibagger stock is down 12% over the last three months.
In the last year, the stock has been very volatile, with a beta of 1.2.
In terms of technicals, the NBCC stock’s relative strength index (RSI) is 55, indicating that it is not overbought or oversold. NBCC shares are trading above the 5 day, 10 day, 20 day, 50 day, 100 day, 150 day, and 200 day moving averages.
NBCC (India) Limited offers value-added services. The organization is divided into three segments: project management consultancy (PMC), real estate development, and engineering procurement and construction (EPC). The PMC section is involved in civil construction projects, infrastructure works for national security, infrastructure projects for the civil sector, project implementation for the Pradhan Mantri Gram Sadak Yojna (PMGSY), and developmental work in the Northeast Region.
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