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Navratna govt company that gave 275% return in one year got big orders, government stocks are still expected to show bullish

Navratna PSU Stock: Navratna government company NBCC (India) Limited has received several large orders. In a disclosure to the stock market, Navaratna PSU said it has received multiple orders worth a total of Rs 878 crore.
1 Month ago

Navratna PSU Stock: Navratna government company NBCC (India) Limited has received several large orders. In a disclosure to the stock market, Navaratna PSU said it has received multiple orders worth a total of Rs 878 crore.

Shares of the civil construction company rallied sharply on news of the order and rose 11.61 percent to 159.50 on the BSE. Navaratna PSU stock closed at 156.55 with a gain of 9.55 percent at the end of trading.

NBCC Order Details

According to information available on the website of stock exchange BSE, Navaratna PSU has received several orders worth a total of Rs 878.17 crore. NBCC has bagged a contract worth Rs 700 crore from Kochi Metro Rail Limited (KMRL), according to an exchange filing. Under this, 17.4 acres of land is to be developed in Kakkanad and Ernakulam of Kochi.

Apart from this, an order of 69.71 crore rupees has been received for work in Delhi University's Hindu College. At the same time the Institute of Company Secretaries of India (ICSI) has got the job of setting up an office cum training institute in Khaitabad, Hyderabad. This order is worth Rs 8.62 crore.

The state-owned company has received an order worth Rs 99.84 crore from Maharatna PSU Indian Oil Limited. Under this the company plans to build a centralized core repository with a modern lab in Guwahati, Assam.

Performance of NBCC shares

Navaratna PSU's stock closed at 156.55, up 9.55 percent on Tuesday (June 11). The stock has a 52-week high of 176.50 and a 52-week low of 38.10. The market cap of the company is Rs 28,179 crore. Talking about the stock returns, it has increased by 15 percent in one week, 29 percent in 3 months and 96 percent in 6 months. The stock has a return of 91 percent in the year 2024. The stock has returned 276 percent over the past one year and 395 percent over the past two years.

Disclaimer:  Do not invest in stock market without knowledge. Before investing in any shares you should talk to your financial advisor once. If you do not do so, you may suffer financial loss.

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