NBCC stock jumps over 4% after PSU gets orders worth Rs 369.05 cr
In a statement after market hours on Monday, NBCC said that it had received three contracts worth Rs 369.05 crore, the biggest of which is upcoming infrastructure development works of Rani Lakshmi Bai Central Agricultural University at Jhansi, Datia.
NBCC Share Price: NBCC jumped over 4 per cent on BSE on Tuesday (February 202, 2024) after the PSU got three orders worth Rs 369.05 crore. The stock of the company was trading higher by 2.09 per cent, or Rs 2.95, at Rs 144.35 at 10:16 am on Tuesday.
After closing at Rs 141.30 on Monday, the stock opened at Rs 142.55 on Tuesday to jump to the day's high of Rs 147.50, an increase of 4.39 per cent from the previous close.
In a statement after market hours on Monday, NBCC said that it had received three contracts worth Rs 369.05 crore from three different places. Its three projects are as follows-
-Upcoming infrastructure development works of Rani Lakshmi Bai Central Agricultural University at Jhansi, Datia, and new campus viz Morena/Khajurao/Newari, at a project cost of 331.90 crore
- Construction of a single court complex and residential quarters at both, Adilabad Dist, Telangana, High Court for State of Telangana, worth Rs 12.17 crore.
- Renovation and furnishing project of ICAI Bhawan, C1, Sector-1, Noida, UP. The estimated project cost is Rs 24.98 crore and the client is Institute of Chartered Accountants of India.
NBCC's 52-week high is Rs 176.50, while its 52-week low is Rs 30.96. The market cap for the company stands at Rs 25974.00 crore at the time of writing this news.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Bandhan Bank Q4 FY24 Results Preview: PAT, interest income likely to grow in almost double digits; asset quality may improve
Gold and Silver rate today (May 14, 2024): Precious metals trade in green; yellow metal above Rs 72,000 once again, white metal near Rs 85,350
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
10:31 AM IST