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Navratna stock jumps after it receives order worth ₹213 Cr from Motilal Nehru College, New Delhi

Navratna stock secured a ₹213 crore work order for phased construction at Motilal Nehru College, showcasing its dedication to enhancing educational infrastructure and reinforcing its industry reputation.
Navratna stock wins ₹213 crore work order for Motilal Nehru College, boosting educational infrastructure development.
Navratna stock wins ₹213 crore work order for Motilal Nehru College, boosting educational infrastructure development.

Introduction:

Navratna stock has secured a ₹213 crore work order from Motilal Nehru College, New Delhi. This phased project highlights its commitment to advancing educational infrastructure through comprehensive construction and development activities, reinforcing its reputation in the sector.

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Share Price movement of NBCC (India) Ltd:

On December 3, 2024, NBCC (India) Ltd (NSE: NBCC) opened at ₹98.30, hitting an intraday high of ₹100.14 and a low of ₹97.93. The stock closed at ₹99.40, up 1.18%, with a market cap of ₹26,838.00 crore.

NBCC (India) Ltd Received New Order:

NBCC (India) Limited announced securing a work order valued at approximately ₹213 crore from Motilal Nehru College, New Delhi. The project encompasses various construction activities to be executed in phases. This development underscores NBCC’s ongoing commitment to enhancing educational infrastructure.

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Recent news About NBCC (India) Ltd:

On November 27, 2024, NBCC (India) Ltd signed an MoU with HUDCO to develop a 10-acre institutional plot in Noida Sector-62 as Project Management Consultant, with a tentative project cost of approximately ₹600 crore.

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

NBCC (India) has delivered a 3.90% return over the past week, reflecting positive short-term performance. Over six months, the stock rose by 5.98%, while over the past year, it showcased impressive growth, achieving an 87.5% return, highlighting strong long-term gains.

Read More: IT stock hits 5% upper circuit after it partners with central bank of India

Shareholding pattern of NBCC (India) Ltd:

All values in %Sep-24Jun-24Mar-24
Promoters61.7561.7561.75
FII4.114.434.33
DII9.19.489.95
Retail & others25.0324.3423.97
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About NBCC (India) Ltd:

NBCC (India) Ltd, a Navratna company, specializes in project management, real estate development, and EPC services. Known for its expertise in urban infrastructure and redevelopment projects, NBCC contributes significantly to India’s construction and infrastructure development across diverse sectors.

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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