In Wednesday’s trading session, the shares of a leading infrastructure stock operating in Project Management Consultancy, Engineering Procurement & Construction, and Real Estate, jumped 3 percent after receiving multiple orders worth a total of Rs 405.08 crores.
Price Action
With a market capitalization of Rs. 22,698 cr, the shares of NBCC Ltd. were trading at Rs. 86.53 per equity share, up almost 3 percent from the previous day’s close price of Rs. 84.11 per equity share.
The company hit its 52-week high in August 2024 at Rs.139.90 apiece and, comparing the same with the current stock price of Rs 86.53, there is a discount of approximately 38 percent.
What Happened
NBCC (India) Limited has recently secured multiple contracts totaling approximately ₹405.08 crore. The projects include
- Planning, designing, and construction of the ‘Centre for Advanced Studies’ at Hindu College, University of Delhi, valued at Rs 151.93 crore;
- Development works at Fakir Mohan University in Balasore worth Rs 118.64 crore;
- Infrastructure development at Maharaja Sriram Chandra Bhanja Deo University in Mayurbhanj, estimated at Rs 84.75 crore.
- Construction of a headquarters building for Uttar Pradesh Construction and Labour Development Federation Ltd in Lucknow, with a project value of Rs 37.90 crore,
- Providing project management consultancy services for the upgradation of Western Regional Power Committee staff quarters in Mumbai, worth Rs 11.86 crore.
About the Company
NBCC, formerly known as National Buildings Construction Corporation is a public sector undertaking (PSU) company under the Ministry of Housing and Urban Affairs, Government of India.
The company’s present areas of operations are categorized into three main segments, i.e. Project Management Consultancy (PMC), Real Estate Development and EPC Contracting. NBCC has been executing many Landmark Projects as a PMC which contributes to about 90 percent of its annual revenue.
Financials
The company reported an 18 percent increase in revenue from Rs 2,129.09 crores to Rs 2,525.96 crores in Q2FY24-25. This was accompanied by an increase in net profits from Rs 79.59 crores to Rs 122.12 crores during the same period.
Written by Shwetha Sairam
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