NBCC shares gain 3% on winning work orders worth Rs 369 crore

NBCC share price gained 3 percent in early trade on Tuesday after the company won three orders worth Rs 369.05 crore.

At 09:25 hrs, NBCC (India) was quoting at Rs 145.80, up Rs 4.50, or 3.18 percent, on the BSE.

Rani Lakshmi Bai Central Agricultural University, Jhansi has awarded a work order worth Rs 331.9 crore for the development works of Rani Lakshmi Bai Central Agricultural University at Jhansi, Datia, and new campus viz Morena / Khajurao, Newari.

The High Court for State of Telangana has awarded a work order worth Rs 12.17 crore for the construction of a single court complex and residential quarters at Boath, Adilabad Dist. Telangana.

The third order is for the renovation and furnishing project of ICAI Bhawan, C1 Sector-1, Noida, worth Rs 24.98 crore from the Institute of Chartered Accountants of India.

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In the last week, the company bagged a Rs 262 crore project to redevelop the Ministry of External Affairs Housing complex in the national capital.

The company had posted a 93 percent jump in its December quarter net profit at Rs 93.67 crore.

The share touched a 52-week high of Rs 176.50 and a 52-week low of Rs 30.96 on February 5, 2024 and March 28, 2023, respectively.

Currently, the stock is trading 17.39 percent below its 52-week high and 370.93 percent above its 52-week low.

The share price rose more than 300 percent in the last one-year.