DLF shares hit a 52-week high, NBCC rises despite Centre's ban on most construction activities in Delhi-NCR

DLF and NBCC Share Prices: Shares of DLF hit a 52-week high on BSE on Friday (November 3, 2023) despite the central government imposing a ban on most construction and demolition activities in Delhi-NCR.

While DLF shares flew higher, the stock of state-run NBCC was also trading in positive territory on Friday.

DLF share price

DLF shares hit a 52-week high of Rs 589.85 in the morning trading session on Friday.

The stock improved on its previous record of Rs 586.65 it set on Tuesday.

The shares was trading higher by 2.27 per cent, or Rs 13.10, at Rs 590.80, at 11:22 am on Friday.

The company announced on Wednesday that it would have an investor conference on November 7, 2023. 

NBCC share price

The central government's ban on construction activities seems to have no impact also on NBCC shares as they were up by 0.79 per cent, or Rs 0.53, at Rs 67.90 apeice, on BSE at 11:22 am on Friday.

Rather, the stock of the company appears to be high on an order worth Rs 212 crore from the Haryana government related to medical colleges in Karnal and Bhiwani each.  

What Centre's ban on construction activities says

The central government's pollution board said on Thursday that there would be a ban on all non-essential construction and demolition activities in Delhi-NCR.

The order further says that construction related to emergency services, government works and of strategic importance will be allowed during the ban.

The board has also banned the entry of diesel-run trucks during the ban.

The ban came after New Delhi's air quality worsened over the last few days.

The city's current Air Quality Index (AQI) is 411, which falls in the hazardous category and is 23.3 times more than WHO-recommended limits for 24-hour average air quality.