NBCC Share Price Surges by 6.20% to ₹144.70 in Today’s Trading Session 📈
In yesterday’s trading session, there was a slight dip in NBCC’s share price. However, over the past year, the company has provided its investors with a whopping 265.90% return on investment. In the last six months alone, NBCC has given a return of 123% to its shareholders.
Recently, NBCC has obtained approval to establish a fully-owned subsidiary in Dubai, further expanding its presence in the civil construction sector. The stock closed at ₹140.80 with a 0.95% decrease on Tuesday, April 30, 2024.
With a beta of 1.1, NBCC’s shares have shown high volatility over the past year. The stock’s RSI stands at 60.2, indicating it is not trading in overbought or oversold territory. NBCC’s stock is currently trading above its 5-day, 10-day, 20-day, 50-day, 100-day, and 150-day moving average price levels.
NBCC’s market capitalization is ₹25,911 crores, and its consolidated net profit has increased by 60.2% to ₹110.7 crores in the third quarter of the previous financial year. The company’s revenue grew by 13% to ₹2,412.6 crores in the December quarter of 2023-24.
As a company primarily involved in project management consultancy, real estate development, and engineering procurement and construction, NBCC undertakes urban development projects, foundational infrastructure works for national security, basic infrastructure projects for civic areas, and project implementation for the Prime Minister’s Gram Sadak Yojana and developmental activities in the northeastern region.
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