NBCC Share Latest News: Company Receives Big Order from IRCTC
The construction and real estate sector company, NBCC (India) Ltd, has recently received a significant order from IRCTC. In this article, we will provide detailed information about the company’s operations, its performance in the stock market, and the new order it has received.
NBCC (India) Ltd Company Information
Established in 1960 by the Government of India, NBCC (India) Ltd, also known as National Building Construction Corporation, is headquartered in Delhi. The company primarily works on government projects and also operates in the power sector, real estate, industrial development, and cooling towers.
NBCC Share Current Status
The market capitalization of NBCC (India) Ltd is Rs 9,846 crore, making it a debt-free company. The promoter holding of the company is 61.75%, and it has free cash of Rs 2,056.92 crore. The company has a dividend yield of 0.99% and has shown sales growth of 21.45% and profit growth of 26.40%. Overall, NBCC (India) Ltd is considered a fundamentally strong company.
Return Information for Last 5 Years
In terms of returns, NBCC (India) Ltd has delivered impressive results in the short term. The company has provided returns of 55% in the last 6 months, 53.4% in the last 1 year, 26% in the last 3 years, and -4% in the last 5 years.
IRCTC’s New Order Worth Rs 31,40,00,000
In the quarterly results for March 2023, NBCC (India) Ltd reported a net profit of Rs 96.38 crores. However, in June 2023, the company’s net profit slightly decreased to Rs 63.13 crores. This led to a slight fall in the share price, which is currently trading at Rs 54.70. The 52-week high and low levels for the share are Rs 63 and Rs 29.80, respectively. NBCC (India) Ltd has recently secured an order worth Rs 31.40 crore from IRCTC for interior works and designing and planning an office space in Delhi.
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