NBCC Share Price šš°
In a recent announcement, Finance Minister Nirmala Sitharaman has declared a capital expenditure of Rs 11.1 lakh crore for FY25, accounting for approximately 3.4% of the total domestic product. This move is expected to create a major buzz in the infrastructure sector, thanks to the Modi government’s large-scale capex plan.
Joining the hype, PSU shares, including NBCC, witnessed a significant surge on Friday (2nd February). Within the first few hours of trading, the stock jumped nearly 16% and reached a new 52-week high. In just one month, the share has doubled the investors’ money, showing remarkable growth.
NBCC, an Indian company with substantial government ownership, appears to be benefiting from the government’s heavy spending on the basic framework. As a result, the share price has been affected. Today, the stock opened at Rs 150 with a strong gain of 5.5%. Shortly after, it reached a record high of Rs 164.20, marking a hefty increase of about 16%. The stock is currently at its 52-week high.
Doubling the Money in Just One Month šø
Looking at the performance of NBCC’s share, investors have witnessed a doubling of their money in just one month. In the last month alone, investors in NBCC have seen a 100% return on their investment. The stock has delivered outstanding returns to shareholders in the past six months, outperforming the previous year by more than 350%.
The market capitalization of the public sector company in the civil construction sector stood at Rs 29,55,600 crore.
NBCC’s soaring share price and impressive returns have caught the attention of investors, making it a hot topic in the market. With the government’s focus on infrastructure development and the company’s strong performance, NBCC seems to be on a winning streak.
So, if you’re looking for an investment opportunity with potential high returns, NBCC might just be the stock for you! šš°
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
