NBCC India Shares Soar 3% on Impressive Q1 Earnings, Market Cap Reaches Rs 31,680 Crore
NBCC India's Q1 profit rises 38% to Rs 107.19 crore, PMC segment drives growth
Nbcc IndiaQ1 EarningsMultibagger StockPmc SegmentReal Estate DevelopmentReal EstateAug 14, 2024
NBCC India shares rose 3.11% to Rs 178.90 against the previous close of Rs 173.50 on BSE. The company's market cap climbed to Rs 31,680 crore. Shares of NBCC have zoomed 271% in a year and gained 429% in two years.
The multibagger stock saw a high volatility with a beta of 1.5 in the last one year. In terms of technicals, the relative strength index (RSI) of the NBCC stock stands at 48.6, signaling it's trading neither in the overbought nor in the oversold zone. NBCC shares are trading lower than the 5 day, 10 day, 20 day, 30 day but higher than the 50 day, 100 day, 150 day and 200 day moving averages.
The company's total income rose to Rs 2,197.83 crore in the April-June quarter of this fiscal from Rs 1,974.03 crore in the corresponding period of the previous year, according to a regulatory filing. Expenses rose to Rs 2053.98 crore in Q1 against Rs 1870.18 crore in the June quarter of the previous fiscal.
NBCC (India) Limited provides value added services. The company operates through three segments Project Management Consultancy (PMC), Real Estate Development, and Engineering Procurement and Construction (EPC). PMC segment is engaged in civil construction projects, infrastructure works for the national security, infrastructure projects for the civil sector, and project implementation for Pradhan Mantri Gram Sadak Yojna (PMGSY) and developmental work in Northeastern Region.
About NBCC (India) Limited NBCC (India) Limited is a Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Housing and Urban Affairs, Government of India.
Frequently Asked Questions
What is the net profit of NBCC India in Q1?
Rs 107.19 crore
What is the market cap of NBCC India?
Rs 31,680 crore
What is the growth rate of NBCC India shares in the last one year?
271%
What is the RSI of NBCC stock?
48.6
What are the three segments of NBCC (India) Limited?
Project Management Consultancy (PMC), Real Estate Development, and Engineering Procurement and Construction (EPC)
Related News Articles
Keystone Realtors Raises Rs 800 Crore from Institutional Investors
Mumbai-based Keystone Realtors has raised Rs 800 crore by selling shares to institutional investors
Kerala Police Hand Over Mami Missing Case to Crime Branch to Avoid CBI Probe
The Kerala police have handed over the missing case of Mohammad Attur, a prominent real estate businessman, to the Crime Branch to prevent a CBI investigation.
Home Sales in Noida and Greater Noida Increase by 6% in Q3 2024
The residential property market in Noida and Greater Noida witnessed a 6% surge in registrations during the July-September quarter, with a total of 8,128 units sold, according to real estate consultant Square Yards.
Mumbai Real Estate Market Sees Significant Growth in 2024 with 1.41 Lakh Registrations
Mumbai's real estate market is on track to register 1,41,302 property registrations in 2024, marking an 11% increase from the previous year. The market is showing resilience and a growing preference for premium and spacious homes.
2025 Outlook: The Future of Commercial Real Estate in Tier-II and Tier-III Cities
In 2025, we can expect a significant rise in commercial real estate activity in Tier-II and Tier-III cities across India, driven by factors such as low operating costs, ample space, skilled talent, and infrastructure development.
Maharashtra's Transport Minister Pratap Sarnaik Invites CREDAI to Develop MSRTC Land
The Maharashtra Transport Minister, Pratap Sarnaik, has called on the Confederation of Real Estate Developers’ Associations of India (CREDAI) to participate in the development of 1,360 hectares of land owned by the Maharashtra State Road Transport Corpora