NBCC stock slides despite PSU wins Rs 25.38 cr order from Lokpal of India

NBCC Share Price: The stock of NBCC was trading down on BSE on Monday morning (January 8, 2024) despite the PSU got an order worth Rs 25.38 crore from Lokpal of India.

The NBCC stock was down by 1.09 per cent, or Rs 0.94, at Rs 85.62 at 11 am on Monday. 

The stock that closed at Rs 86.56 on Friday opened at Rs 87.77 on Monday and reached the day's high of Rs 87.83. But it hit the day's low of Rs 85.40 soon after that.

The company hit 52-week highs on January 3 and 4. 

What is NBCC's order? 

NBCC's order worth Rs 25.38 crore from Lokpal of India is for interior and fitout works for A-400 & A-500 at WTC Nauroji Nagar, New Delhi.

The nature of the order is PMC on deposit work basis, where the time period by which contract would be executed is yet to be decided.