NBCC stock jumps over 4% after PSU gets orders worth Rs 369.05 cr

NBCC Share Price: NBCC jumped over 4 per cent on BSE on Tuesday (February 202, 2024) after the PSU got three orders worth Rs 369.05 crore. The stock of the company was trading higher by 2.09 per cent, or Rs 2.95, at Rs 144.35 at 10:16 am on Tuesday.

After closing at Rs 141.30 on Monday, the stock opened at Rs 142.55 on Tuesday to jump to the day's high of Rs 147.50, an increase of 4.39 per cent from the previous close. 

In a statement after market hours on Monday, NBCC said that it had received three contracts worth Rs 369.05 crore from three different places. Its three projects are as follows- 

-Upcoming infrastructure development works of Rani Lakshmi Bai Central Agricultural University at Jhansi, Datia, and new campus viz Morena/Khajurao/Newari, at a project cost of 331.90 crore

- Construction of a single court complex and residential quarters at both, Adilabad Dist, Telangana, High Court for State of Telangana, worth Rs 12.17 crore.

- Renovation and furnishing project of ICAI Bhawan, C1, Sector-1, Noida, UP. The estimated project cost is Rs 24.98 crore and the client is Institute of Chartered Accountants of India. 

NBCC's 52-week high is Rs 176.50, while its 52-week low is Rs 30.96. The market cap for the company stands at Rs 25974.00 crore at the time of writing this news.