The state-owned construction firm announced that it had acquired total business amounting to Rs 1,117 crore in the month of September 2016. The stock had hiked 7% on Tuesday. NBCC share price hit a new lifetime high of Rs 299.40, up 7.6% on the NSE on account of the announcement.
The company secured work amounting approximately Rs 440 crore from ESIC, Ministry of Labour & Employment, Government of India for building 100 bedded hospital(s) at Haridwar & Dehradun (Uttarakhand) and 300 bedded hospital at Indore, Madhya Pradesh. It also secured work amounting approximately Rs 270 crore for construction of the University Grants Commission building complex in the Jawaharlal Nehru University campus in New Delhi.
Currently, NBCC share price is trading at Rs. 283.25, up by 1.19%. The stock opened at Rs. 280.90, higher than its previous close of Rs. 277.95. The opening price of NBCC remained its intraday low. So far 35 lakhs shares have changed hands over the NSE trading window as compared to its twenty-day trading volume of 8.3 lakhs.
NBCC is a blue-chip Government of India Navratna Enterprise under the Ministry of Urban Development. It is listed on both the Stock Exchanges. The company’s unique business model has made it stand out as a leader in its right in the construction sector today. It has more than INR 36000 Crore Order Book in hand till March 2016 and counting. The Company has achieved a substantial 32% Growth in Top line during FY 2015-16 as compared to previous year. It has declared a profit of Rs.311 crore while its total Income has surged to Rs.5838 Crore during FY 2015-16.
The previous high of NBCC share price has been Rs. 283.95 on 4th October 2016. NBCC is the top 500 pick for the quarter by Dynamic Levels. For the details on the stock, visit NBCC share price history page of Dynamic Levels website.
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