Shares of NBCC India saw a significant rise of 5% on November 28, as investors responded positively to the company’s recent announcement of securing new orders. The total value of these orders amounts to ₹916 crore, which has sparked investor optimism and boosted the stock's performance.
Surge in stock price and trading volume
By 10:42 AM, NBCC India’s stock was trading at ₹98.67 on the NSE. This surge in the share price was accompanied by a noticeable increase in trading volumes. Approximately one crore shares were exchanged, surpassing the one-month daily trading average of 81 lakh shares.
This high level of activity highlights the market’s confidence in the company’s recent achievements. If you are considering opportunities to invest in stocks, NBCC India's recent growth could be an interesting option to explore.
Key orders secured by NBCC India
The first significant order, valued at ₹600 crore, was awarded by the Housing & Urban Development Corporation Limited (HUDCO). This project involves the development of a 10-acre institutional plot in Noida, with NBCC India appointed as the project management consultant.
This is a major milestone for the company, solidifying its reputation in large-scale infrastructure projects. Investors looking to invest in stocks might see this as a strong indicator of NBCC’s expanding role in the development sector.
Additional projects from government and educational institutions
In addition to the HUDCO order, NBCC India also secured another major contract worth ₹316 crore from the ST & SC Development, Minorities & Backward Classes Welfare Department of Odisha. This project focuses on upgrading primary school hostels at various locations across the state, contributing to the state’s infrastructure development.
Furthermore, NBCC recently bagged a ₹500 crore order from the Bureau of Indian Standards (BIS) for the construction of buildings at five BIS locations. This diversification of projects highlights the company’s strong foothold across multiple sectors, making it a potential option for those who want to invest in stocks with a wide-ranging portfolio.
Additional contracts and opportunities for growth
Other notable orders secured by NBCC include a ₹44 crore contract from Mahatma Gandhi Kashi Vidyapith University, Varanasi, for constructing a multipurpose examination hall-cum-innovation centre and a ₹5 crore contract from Sampurnanand Sanskrit University for the renovation of the Panani Bhawan academic block.
Additionally, a ₹186.46 crore contract for the renovation of the Power Grid Corporation of India's corporate office building in Gurugram, Haryana, further strengthens NBCC's market position. These recent wins reflect the company's continued growth in both public and private sector projects.
What does this mean for investors?
NBCC India's strong order book and increasing number of project wins reflect a promising outlook for the company’s future. As the company continues to expand its portfolio and secure large-scale projects, it presents an attractive opportunity for investors.
If you're looking to invest in stocks that are backed by government contracts and significant infrastructure developments, NBCC India could be a valuable addition to your portfolio.
For android only