Shares of NBCC (India) Ltd surged by 5.17% during afternoon trading on the BSE, reaching ₹92.50 per share, following the announcement that the company secured a new order worth ₹1,726 crore from the Government of Goa. This order includes redevelopment projects such as the Junta House, a government garage, and an administrative building at Porvorim, among others.
Overview of Performance:
- Despite today’s gains, NBCC shares have declined by over 9% in the last week and 18% in the past two weeks. However, the stock has posted a remarkable 116% return over the last year.
- The company’s market capitalization is approximately ₹24,975 crore.
- Return on Equity (ROE) stands at 17.20, and the Price-to-Earnings (PE) ratio is 43.04.
- LIC holds a 5.11% stake in NBCC, amounting to 137,911,863 shares.
Upcoming Corporate Actions:
- NBCC has recommended a 1:2 bonus issue, with October 7, 2024, set as the record date.
- A dividend of ₹0.63 per share has also been declared, with a record date of September 6, 2024.
Historical Performance:
- In the past three months, shares of NBCC have fallen by 20%, yet they have gained 69% so far in 2024. Over the last two years, the stock has increased by 324%. The stock’s 52-week high is ₹139.90 (recorded on August 28, 2024), while the 52-week low is ₹40.15 (recorded on October 30, 2023).
Shareholding Changes:
- Foreign Institutional Investors (FIIs) decreased their holdings from 4.43% to 4.11% in the September 2024 quarter. Meanwhile, mutual funds have increased their stakes from 3.04% to 3.45%, reflecting a rise in the number of mutual fund schemes from 13 to 18 during the same period.
The recent order win, combined with strong historical performance, may enhance investor confidence in NBCC moving forward.
Disclaimer: This information is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
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