This Mid-cap Navratna PSU saw its stock jump by 40% in 3 months
They have recently secured new orders worth around ₹879 crores.
Which PSU is it? Read ahead to find out. 👇
National Buildings Construction Corporation (NBCC), a public sector company under the Ministry of Housing and Urban Affairs.
Founded in 1960, NBCC is a leading construction firm known for its civil engineering expertise.
As of March 2024, the government held a 61.75% stake in the company.
NBCC recently secured orders worth around ₹879 Cr, driving the surge in its stock price.
▪️ ₹700 Cr work order from Kochi Metro Rail for 17.4 acres in Kerala.
▪️ ₹100 crore contract from Oil India to construct a centralised core repository in Assam.
▪️ ₹70 Cr project for a boy's hostel at Hindu College, Delhi.
▪️ ₹9 Cr for an office-cum-training institute for ICSI in Hyderabad.
NBCC's profit growth has not kept pace with their soaring stock price.
Profits have increased by just 5.61% in the last 5 Years.
Net profit figures over the years:
₹392Cr. (2019), ₹100Cr. (2020), ₹240Cr. (2021), ₹238Cr. (2022), ₹278Cr. (2023), and ₹414Cr. (2024).
NBCC, a debt-free company with strong government backing due to its Navratna status.
They lead in prefabrication technology and enhance sustainability with eco-friendly materials and energy-efficient designs, boosting their innovation efforts.
NBCC's stock has surged by 40.60% over 3 months, 93.98% over 6 months, 274.37% over 1 year, and 174.49% over 5 years.
Investors are clearly bullish.
Have you invested in NBCC? Comment below🗨️
Please give this a ❤️ and repost to share the knowledge ahead!
They have recently secured new orders worth around ₹879 crores.
Which PSU is it? Read ahead to find out. 👇
National Buildings Construction Corporation (NBCC), a public sector company under the Ministry of Housing and Urban Affairs.
Founded in 1960, NBCC is a leading construction firm known for its civil engineering expertise.
As of March 2024, the government held a 61.75% stake in the company.
NBCC recently secured orders worth around ₹879 Cr, driving the surge in its stock price.
▪️ ₹700 Cr work order from Kochi Metro Rail for 17.4 acres in Kerala.
▪️ ₹100 crore contract from Oil India to construct a centralised core repository in Assam.
▪️ ₹70 Cr project for a boy's hostel at Hindu College, Delhi.
▪️ ₹9 Cr for an office-cum-training institute for ICSI in Hyderabad.
NBCC's profit growth has not kept pace with their soaring stock price.
Profits have increased by just 5.61% in the last 5 Years.
Net profit figures over the years:
₹392Cr. (2019), ₹100Cr. (2020), ₹240Cr. (2021), ₹238Cr. (2022), ₹278Cr. (2023), and ₹414Cr. (2024).
NBCC, a debt-free company with strong government backing due to its Navratna status.
They lead in prefabrication technology and enhance sustainability with eco-friendly materials and energy-efficient designs, boosting their innovation efforts.
NBCC's stock has surged by 40.60% over 3 months, 93.98% over 6 months, 274.37% over 1 year, and 174.49% over 5 years.
Investors are clearly bullish.
Have you invested in NBCC? Comment below🗨️
Please give this a ❤️ and repost to share the knowledge ahead!