Shares of NBCC Ltd., the state-run buildings and construction company, are trading with gains of over 4% on Monday. The stock is trading ex-bonus in today's trading session.

On August 31, NBCC had announced a bonus issue of 1:2, which means shareholders were eligible to receive one bonus share for every two shares held as on the record date.

NBCC had fixed October 7 as the record date for the bonus issue. This means that if you purchased shares of NBCC today, you would not be eligible for availing the bonus shares.

This is the first such proposal the company is considering after 2017

, which the company had declared a 1:2 bonus issue as well.

On September 30, NBCC had announced that it had won an order worth nearly ₹101 crore from the National Highways Authority of India (NHAI).

The contract is for Project Management Consultant (PMC) for the construction of a permanent office building concerning regional offices (ROs) cum project implementation units (PIUs) of the NHAI.

A few days before this order win, NBCC's unit HSCC had won an order worth ₹1,260 crore from the Ministry of Health and Family Welfare of the Government of India for the establishment work of an All India Institute of Medical Sciences (AIIMS) in Bihar's Darbhanga.

However, the scope of the order and the execution timelines of the said order were not specified by the company. NBCC has also not disclosed the current size of its order book.

Earlier in September, NBCC had signed an MoU with cash-strapped MTNL Ltd. to collaborate on developing a positive land parcel of MTNL, measuring nearly 13.88 acres in New Delhi. The project is said to be valued at ₹1,600 crore.

Shares of NBCC are currently trading 3.8% higher at ₹116.91. The stock has more than doubled in value so far this year.