Shares of NBCC (India) Ltd. rose 1% to reach a day’s high of Rs 180.33 on 30th September, after the company announced it had secured an order worth approximately Rs 101 crore from the National Highways Authority of India (NHAI).

This contract involves Project Management Consultancy (PMC) for constructing a permanent office building for NHAI’s regional offices and project implementation units.

Last week, NBCC’s subsidiary, HSCC (India) Ltd., secured a Rs 1,260 crore order from the Ministry of Health for the construction of an AIIMS in Darbhanga, Bihar.

In August, the company’s board approved issuing bonus shares in a 1:2 ratio, meaning shareholders will receive 1 bonus share for every two shares they own.

Their board has set 7th October as the record date for determining eligibility for bonus shares, which will be credited by 31st October, 2024.

The firm’s stock has surged by 120% year-to-date and gained 14% over the last three months. It has delivered over 205% returns in the past year and 270% in the last three years.

As of now, the company’s market capitalisation stands around Rs 32,274 crore.

At 3:30 PM, the shares of NBCC Ltd. closed 1.03% higher at Rs 179.23 on NSE.

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