Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
MARKETS

NBCC Shares Soars 4%, Wins Rs 448 Crore for Border Road Development Project

Picture Source: Internet

On April 5, NBCC’s share price increased 4% in early trade after the company received a Rs 448.02 crore order from the government of India.

NBCC acknowledged the work order for constructing a border and road in Mizoram along the India-Bangladesh Border (IBB). The Department of Border Management (BM-1 Division) presents the order under the union ministry of home affairs.

Recently, the company received an order worth Rs 46.39 crore from the Ghani Khan Choudhary Institute of Engineering and Technology (GKCIET) in Malda, West Bengal. Another project of Rs 100 crore agreement from the Small Industrial Development Bank of India (SIDBI).

At 9:18 am, NBCC (India) was trading at Rs 36.65, rose Rs 1.01, or 2.83% on the Bombay Stock Exchange.

The stock hit a 52-week high of Rs 43.80 and a 52-week low of Rs 26.70 on November 30, 2022, and June 17, 2022, respectively.

It traded 16.32% below its 52-week high, whereas 37.27% above its 52-week low.

Get Daily Prediction & Stocks Tips On Your Mobile