Shares of construction and infrastructure company NCC Limited have increased by more than 5 percent today on January 7. Currently this stock is trading at Rs 273.80 on BSE with a gain of 5.39 percent. Actually, according to the exchange filing, the company has received a new order worth Rs 501 crore. After this news, there is heavy buying in its shares. With today’s rise, the market cap of the company has increased to Rs 17,190 crore. The stock’s 52-week high is Rs 364.50 and 52-week low is Rs 171.65.
NCC has to complete this order in 24 months
NCC has received this order for the construction of eight stations for the Bengaluru Suburban Rail Project. The order is from Rail Infrastructure Development Company (Karnataka) and is to be completed within 24 months.
“NCC has received LoA from Rail Infrastructure Development Company (Karnataka) Ltd for the construction of eight stations for the Bengaluru Suburban Rail Project with an order value of Rs 501 crore (inclusive of all taxes and GST),” the company’s filing said. Which is to be executed within 24 months from the date of signing of the contract agreement.”
In November 2024, the company had received an order for the EPC project from Ken-Betwa Project Authority, the total value of which was Rs 3389.49 crore. In December 2024, NCC received a construction order worth Rs 349.70 crore from a private company.
NCC shares performance
NCC shares have fallen by about 13 percent in the last one month. This stock has fallen 18 percent in the last 6 months. However, in the last one year its investors have got a return of 57 percent. At the same time, it has made a profit of 385 percent in the last 5 years.
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