NBCC India Stock, a prominent Navratna PSU, are making headlines today following the announcement of a significant order win worth Rs 450 crore in Chhattisgarh and Kerala. The government-owned civil construction firm revealed that it has secured contracts from the Court Receiver of the Supreme Court of India, marking a significant milestone for the company.
NBCC India, known for its expertise in project management consultancy and real estate development, clinched a Rs 250 crore contract for the Amrapali Vananchal City project in Bhilai District, Chhattisgarh. Additionally, the company secured a Rs 150 crore contract for the Amrapali Cosmos project in Aluva, Ernakulam District, Kerala.
The positive news propelled NBCC India’s stock to surge by 5.72% to Rs 135.85 on Wednesday, reflecting investor optimism and confidence in the company’s growth prospects. Over the past year, NBCC shares have witnessed an impressive surge of 224.77%, with a notable gain of 66.10% in 2024. The market capitalization of the firm has also surged to Rs 24,453 crore, highlighting its growing prominence in the market.
Despite the recent uptrend, it’s essential to note that NBCC’s stock has experienced a slight downturn of 12% in the last three months, indicating some volatility in the market. With a beta of 1.2, the stock has exhibited high volatility over the past year, reflecting fluctuations in investor sentiment and market conditions.
From a technical perspective, the relative strength index (RSI) of NBCC’s stock currently stands at 55, indicating a neutral trading sentiment. Moreover, the stock is trading above its 5-day, 10-day, 20-day, 50-day, 100-day, 150-day, and 200-day moving averages, underscoring its bullish momentum in the market.
NBCC (India) Limited, known for providing value-added services, operates through three key segments: Project Management Consultancy (PMC), Real Estate Development, and Engineering Procurement and Construction (EPC). The company’s PMC segment is actively involved in various civil construction projects, infrastructure works, and developmental initiatives across different sectors.
As NBCC continues to expand its portfolio and secure lucrative contracts, investors are closely monitoring its performance and growth trajectory. With its recent order win and strong market presence, NBCC India remains a key player in the construction and real estate sector, poised for further growth and success in the future.
