NBCC (India) Shares Jump 5% on Fresh Orders Worth ₹116.95 Crore
NBCC (India) share price jumped 5% after the company secured new contracts worth ₹116.95 crore from NIEPMD, Canara Bank, and the National Horticulture Board. Check stock movement, market sentiment, and latest updates.
NBCC Shares Rise 5% After Winning New Orders Worth ₹116.95 Crore | Stock Market Update
The NBCC (India) Ltd stock was one of the biggest gainers on the stock market with a rise of nearly 5% on November 24. The reason for the surprising hike was the announcement made by the company regarding new orders amounting to ₹116.95 crore (excluding GST). The company stock reached an intraday high of ₹112.61 on NSE, which was a clear indication of strong market positivity.
Even after the rise in price, the shares of NBCC are still 9.5% down compared to the 52-week high of ₹130.70 that was registered on June 9 this year. At the same time, it has shown a very impressive recovery with a rise of 67% from its 52-week low of ₹70.80, which was the price on March 3.
At 9:42 AM, the share was at ₹117.49, a rise of 4.33% over the previous closing price. On the other hand, the benchmark index Nifty50 increased slightly and reached 26,092.15, thus, gaining 24 points or 0.09%.
The trading activity was high for the entire day and around 16 million shares worth ₹186.61 crore were traded on NSE and BSE. On November 17, NBCC (India) had a market capitalization of ₹31,884.30 crore.
What Triggered the Surge?
The sharp rise in NBCC’s share price came after the company disclosed multiple new contracts from key government-linked institutions.
According to the latest exchange filing:
₹29.49 crore order received from the National Institute for Empowerment of Persons with Multiple Disabilities (NIEPMD) for Project Management Consultancy (PMC) services to develop a new Composite Regional Centre campus in Madurai, Tamil Nadu.
₹42.37 crore worth project awarded by the National Horticulture Board for planning, designing, and execution of infrastructure at the International Potato Centre (CIP) in Agra.
₹45.09 crore contract from Canara Bank for construction of its Regional/Circle Office premises in Ranchi, Jharkhand.
These orders further expand NBCC’s execution pipeline and reinforce its position as a key government-backed construction and infrastructure partner.
