NBCC share jumps to 8% after securing orders worth Rs.491 crore

The state-owned construction company NBCC (India) saw an increase in its shares during early morning trading today, with each share rising 8.4% to ₹141. The company reported receiving orders worth ₹491.45 crore from several clients.

The Central Government Health Scheme (CGHS) granted the firm an order worth ₹112 crore to build a multi-facility healthcare complex, the company reported in an exchange filing on Wednesday.

Furthermore, the Department of Social Security and Empowerment of Persons with Disabilities awarded them an order of ₹73.27 crore for the construction of the Infrastructure Complex (IIC) in Bargarh District, Odisha, along with peripheral development.

The stock has rewarded investors with a gain of 79% over the previous half-year and 219% over the last year, mostly due to impressive order wins this year. At ₹15.90 per share in April 2020, the stock had a 780% increase in value.

As of 10:30 Am, NBCC shares jumped 7.80% to Rs.140 on NSE.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.