NBCC Shares Jump 8.54% After 1st Order Win Of 2025, Buy?

State-owned NBCC shares witnessed sharp surge of 8.54% to settle at Rs 95.32 per share on Bombay Stock Exchange (BSE) after the company bagged 1^st order of 2025. NBCC (India) Ltd shares zoomed 12.87% in last 1-week only when Sensex slipped 0.98%. The leading Navratna Central Public Sector Enterprise (CPSE) won multiple orders worth Rs 405.08 crore.

The company has a market capitalisation of Rs 25,736.40 crore, with free float (FF) market cap at Rs 9,779.83 crore. NBCC (India) shares today opened at Rs 87.33 per share, touched day’s high of Rs 96.95 apiece, and day’s low of Rs 86.99 per share. The company declared its September quarter results on November 13, 2024. Check key details below:

NBCC Bags Multiple Orders

As per the BSE filing of NBCC dated January 15, 2024, the company won orders worth Rs 405.08 crore. It won Rs 151.93 crore order from Hindu College, Rs 118.64 crore order from Fakir Mohan University, Rs 84.75 crore order from Maharaja Sriram Chandra Bhanja Deo University, Rs 37.90 crore order from Uttar Pradesh Construction and Labour Development federation Ltd, and Rs 11.86 crore order from Western Regional Power Committee (WRPC), Mumbai.

NBCC Q2 Results

The company’s consolidated net profit zoomed by 53% to Rs 125.13 crore for the quarter ended September 2024 as against the net profit of Rs 81.90 crore in the corresponding quarter of last year. The company declared its total income surged to Rs 2525.95 crore for Q2 as compared to Rs 2134.36 crore announced in the corresponding quarter of preceding year, as per the BSE filing. The company’s revenue for the quarter under review declared at Rs 2458.7 crore from Rs 2085.5 crore in the year ago period, up 19.4%.

NBCC Share Price Target

According to leading brokerage firm Axis Direct, investors can buy NBCC (India) Ltd shares for next 15 days target time. The analyst has suggested to buy NBCC shares in the range of Rs 89.30- Rs 90.20 for a target price of Rs 97.40 apiece with a stop loss at Rs 87.80 per share.

NBCC Shares Performance

The 52-week high price of NBCC (India) shares is Rs 139.90 (as on 28/08/2024) and 52-week low price is Rs 56.43 per share (as on 18/01/2024). NBCC stock slipped 13.54% in last 3 months, fell 23.00% in last 6-months, and rallied 62.30% in last 1-year period. NBCC share offered shareholders return of 268.74% in last 2-years and gained 171.95% in last 3-years.

About

Founded in 1960 as a Govt. of India Civil Engineering Enterprise, NBCC with its Headquarter in Delhi, today, holds the status of Navratna CPSE, and has emerged as the undisputed leader in the Construction Sector on the back of its capabilities, innovative approach, adherence to highest standard of quality, timely delivery and a dedicated workforce, according to its official website.

Disclaimer

The stock has been picked from the brokerage report of Axis Direct. Moneydaily.in, the Author, and the respective Brokerage House will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in recommends its users to check with certified experts before making any investment-related decision.