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
Bomb Scare on Vistara Flight: Crew Finds Threat Note on Thiruvananthapuram-Mumbai Journey
A Vistara flight from Thiruvananthapuram to Mumbai received a bomb threat after a crew member found a note saying 'bomb on board' on Friday.
MahaRERA Unveils MahaCRITI: A Revolutionary Complaint and Regulatory System
The Maharashtra Real Estate Regulatory Authority (MahaRERA) is set to launch MahaCRITI, an advanced IT solution for regulatory and complaint management, on September 01, 2024.
Indian Real Estate Sector Set for Continued Growth, Says JM Financial
India's real estate sector has reached unprecedented heights, with a remarkable surge in residential property demand across key cities. JM Financial predicts a seamless continuation of FY24's stellar performance into FY25.
Gujarat Government Seeks Public Input on Revised Real Estate Jantri Rates
The Gujarat government is adopting a more transparent approach by soliciting public feedback on revised jantri rates to align with current market conditions, addressing previous discrepancies and fostering optimism in the real estate sector.
Coimbatore Realtor Arrested for Fraudulent Scheme Involving ₹70 Lakh
A prominent real estate firm in Coimbatore has been at the center of a fraudulent scheme, leading to the arrest of the firm's owner. The scam involved duping investors out of a staggering ₹70 lakh, raising concerns about the safety and transparency of rea
Indian Home Sales Soar 11% to Reach All-Time High of 3.03 Lakh Units in 2024
The Indian real estate market witnessed a significant surge in home sales, reaching an all-time high of 3.03 lakh units in 2024, marking an 11% increase from the previous year. Key cities like Bengaluru and Mumbai led the growth. Private equity investment