NBCC share price jumped as much as 3 per cent on Wednesday after the company bagged orders worth Rs.440 cr from the ESIC, Ministry of Labour and Employment, Government of India. Under this order, NBCC has planned to construct 100-bed hospitals at Dehradun and Haridwar, and a 300-bed hospital at Indore. Encompassing today's gains the stock has gained for 3rd straight day.
On Monday, NBCC said that the Government of India has nominated it as the LMA - Land Management Agency for disposal of land assets of sick CPSEs - Central Public Sector Enterprises. NBCC, as LMA, shall manage, maintain and protect the land assets of sick CPSEs, the company added and will be paid fee for the same until it is disposed of.
A market analyst said that NBCC was a company, which had earnings visibility for next 3 years. The stock was in for a re-rating.NBCC share price closed 0.32 per cent higher at Rs 253.9 on the NSE today as compared to a flat Nifty.
The intraday high of the stock stood at Rs.259.95 while the intraday low of the scrip stood at Rs.252.70. The total volume traded on the NSE counter stands at 10,06,481 shares with a traded value of Rs. 2,577.70 lac. The stock has an ADM or Average Daily Movement of 8.19. Its average volume of 20 days stands at 741327. The market cap of the company amounts to Rs. 15186.00 (Cr) while the book value stands at 24.81. The P/E Ratio of the scrip is recorded to be 48.66.
Key Financial Ratios:
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