On Wednesday this small-cap stock jumps up to 4% after the company received an order worth Rs. 150 Cr. The stock has delivered 76% returns in one year and 47% returns in YTD to the investors.
NBCC (India) Ltd
NBCC(India) Ltd the company belongs to a small-cap category with a market capitalisation of Rs. 10,733 Cr. On Wednesday the stock rose upto 4%, at 11:00 a.m., stocks were trading 1.8% up at Rs. 59.80 on BSE, which is 6.4% below the 52-week high.
According to the company filing, NBCC Ltd received an order from the Khadi & Village Industries Commission for planning designing and executing of upcoming works such as the Construction of an office building, Residential campus, Re-development, Repair and renovation of KVIC properties in Pan India etc. The total order value is about Rs. 150 Cr.
As per the company filing, total revenues grew by 6% from Rs. 1,853.2 Cr in Q1 FY23 to Rs. 1,965.8 Cr In Q1 FY24 and the company reported a net profit of Rs. 77.4 Cr in Q1 FY24 against a loss of 4.8 Cr in Q1 FY23.
As per the latest shareholding information, Promoters hold 61.75%, FIIs hold 3.84%, DIIs hold 10.38% and the Public hold a 24.08% stake in the company.
NBCC India Ltd works in the field of regional and urban development. The operating section consists of real estate development, which concentrates on residential and commercial projects, engineering procurement, and others. Project Management Consultation provides management and consultation services for civil construction projects.
Written by Sheshadri N
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