Shares of NBCC rallied 3% and hit a 52-week high of Rs 65.35 on 16 October after its construction arm received an order from the Visakhapatnam Port Authority.

The company has received a project management consultancy contract on a deposit work basis from the Visakhapatnam Port Authority for the renovation and refurbishment of office buildings located at Visakhapatnam Port.

The time period within which the order has to be executed is yet to be decided.

In October, the company received orders from Ali Yavar Jung National Institute of Speech and Hearing Disabilities, Mumbai, for the construction of a permanent building of the newly approved composite Regional centres at Chhatarpur, Madhya Pradesh, for Rs 25.19 crore.

At 2:52 pm, the shares of NBCC were trading at Rs 64.20 or 1.90% above its previous close on NSE.