NBCC gains on bagging ₹101 crore order from NHAI
NBCC (India) Ltd on Monday, September 30, said it has secured an order worth approximately ₹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.
Shares of NBCC (India) have shown strong performance on a year-to-date basis, as the stock has risen sharply by 120% so far this year. They have surged 14% in the last three months.
The state-owned major’s stock has performed even better on a one-year timeline, giving stellar returns of more than 205% to investors in the last one year, and an impressive 270% return in three years.
Last week, NBCC’s wholly-owned subsidiary HSCC (India) Ltd 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.
In August, NBCC’s board of directors approved the issuance of bonus shares in the ratio of 1:2, meaning shareholders of the company would receive 1 bonus share for every two shares.
The record date for determining the eligibility of members to receive the bonus shares has been set as October 7, by the company’s board. The bonus shares will be credited within two months from the date of approval of the board, which would be October 31, 2024.
Shares of the company gained over 1.5% on Monday to record an intraday high of ₹179.6 per piece on the BSE. The stock was seen trading 1.3% higher at ₹179.7 apiece in the afternoon session at 12:35 pm.
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.
Shares of NBCC (India) have shown strong performance on a year-to-date basis, as the stock has risen sharply by 120% so far this year. They have surged 14% in the last three months.
The state-owned major’s stock has performed even better on a one-year timeline, giving stellar returns of more than 205% to investors in the last one year, and an impressive 270% return in three years.
Last week, NBCC’s wholly-owned subsidiary HSCC (India) Ltd 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.
In August, NBCC’s board of directors approved the issuance of bonus shares in the ratio of 1:2, meaning shareholders of the company would receive 1 bonus share for every two shares.
The record date for determining the eligibility of members to receive the bonus shares has been set as October 7, by the company’s board. The bonus shares will be credited within two months from the date of approval of the board, which would be October 31, 2024.
Shares of the company gained over 1.5% on Monday to record an intraday high of ₹179.6 per piece on the BSE. The stock was seen trading 1.3% higher at ₹179.7 apiece in the afternoon session at 12:35 pm.