Government PSU company is continuously getting orders after orders, signs of stormy rise in shares!

PSU Updates: NBCC India Limited has recently secured several significant orders, bolstering its order book and prompting a 3% rise in its shares on November 1. This article provides insights into the company’s recent achievements and future prospects.

Government PSU Company Receives Continuous Orders

NBCC Secures New Work Order Worth ₹65 Crore

November 4, 2024: NBCC’s subsidiary, Hindustan Steel Construction Limited (HSCC), has received a new work order valued at ₹65 crore from Bank of Baroda for various construction and renovation projects.

Major Orders Received in October and November

In October and November 2024, NBCC also secured an order worth ₹186.46 crore from Power Grid Corporation of India for renovating an office building in Gurugram, along with a ₹44 crore project for Mahatma Gandhi Kashi Vidyapeeth University.

Significant Orders from Last Year

In 2023, NBCC received redevelopment orders worth ₹1,726 crore from the Goa government, which included key infrastructure projects across the state.

Stock Fluctuations and Company Performance

NBCC shares have surged approximately 78% in 2024 and over 117% in the past year. Currently trading at ₹97.60, the stock has shown volatility, declining by 15.74% in the last month yet delivering a remarkable 269.22% return over the past five years.

Future Prospects

With a robust order book and ongoing large projects, the outlook for NBCC appears promising. Continued order inflow could enhance both business performance and stock value.

Disclaimer: The content provided is for educational purposes only and does not constitute financial advice. Please consult a registered financial advisor before making investment decisions.