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Navratna stock in focus after it receives order worth ₹202 Cr for PMEkta Mall at Jaipur

Prominent infrastructure firm secured a ₹202 crore contract for project consultancy in Jaipur, along with ₹112 crore in additional orders. Despite revenue growth, the company experienced a slight contraction in margins year-on-year.
Navratna company wins ₹202 Cr order for PMEkta Mall project in Jaipur, boosting market focus.
Navratna company wins ₹202 Cr order for PMEkta Mall project in Jaipur, boosting market focus.

Introduction:

Leading Navaratna infrastructure company has secured a ₹202 crore contract from the Rajasthan State Industrial Development and Investment Corporation for consultancy services in Jaipur. Additionally, it has received several orders totaling ₹112 crore. Despite revenue growth, margins contracted slightly year-on-year.

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Share price movement of NBCC (India) Ltd:

On 21 November 2024, NBCC (India) Ltd (NSE: NBCC) stock opened at ₹89.90, reflecting a 0.18% increase from the previous close of ₹89.74. It touched an intraday high of ₹89.96 and a low of ₹86.69. 

By 12:27 PM, the stock was trading at ₹88.30, down 1.60%. The company’s market capitalization stands at ₹23,841 crore.

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NBCC secures ₹202 crore contract:

On November 21, 2024, NBCC (India) Ltd announced securing a ₹202 crore contract from the Rajasthan State Industrial Development and Investment Corporation for project management consultancy services for Unity Mall in Jaipur. This follows a ₹112 crore order win earlier this week.

Additionally, NBCC won several orders worth ₹112 crore from the ST & SC Development department, with notable projects like the ₹22 crore upgrade of Badapada High School in Malkangiri. Despite growth in some parameters, margins contracted year-on-year.

NBCC’s net profit for the quarter surged by 52.8% to ₹125.1 crore, while revenue grew by 19.4%. However, EBITDA margins narrowed slightly to 4.1% from last year’s 4.6%.

Recent news on NBCC (India) Ltd:

As of November 20, 2024, on its 65th Foundation Day, NBCC (India) Ltd. honored over 20,000 workers across its sites for their dedication. The event, aligned with national welfare goals, emphasized sustainability and worker welfare, reaffirming the company’s commitment to shaping India’s future with care.

Stock performance of NBCC (India) Ltd for Period of 1 week, 6 months and 1 year:

NBCC (India) Ltd has shown a mixed performance. Over the past week, it recorded a slight decline of -0.20%, while the 6-month return decreased by -7.56%. However, it saw a remarkable 104% increase over the past year, indicating strong long-term growth.

Also Read: 3 Stocks in which promoters increased their pledge in Q2 to keep an eye on

Shareholding pattern of NBCC (India) Ltd:

All values in %Sep 2024Jun 2024Mar 2024
Promoter61.80%61.80%61.80%
FII4.10%4.10%4.40%
DII9.10%9.10%9.50%
Public25.00%25.00%24.30%
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About the company NBCC (India) Ltd:

NBCC (India) Ltd (NSE: NBCC) is a leading infrastructure company specializing in project management, construction, and consultancy services. It engages in a variety of projects, including residential, commercial, and industrial developments. The company has shown significant growth, securing major contracts and expanding its portfolio.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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