NBCC (India) Wins Rs 1600 Crore Project, Multibagger Stock in Focus
NBCC (India) Limited has won a project worth Rs 1,600 crore, boosting its multibagger stock. The company will develop a prominent land parcel of MTNL in New Delhi.
Nbcc India LimitedMultibagger StockPsuProject Management ConsultancyReal Estate DevelopmentReal EstateSep 12, 2024
The Navratna PSU stock closed 2.60% lower at Rs 175.75 on Wednesday, despite the positive news. However, the multibagger stock has zoomed 191.66% in a year and gained 114% in 2024. The stock's high volatility is evident from its beta of 1.6 in the last one year.
From a technical perspective, the relative strength index (RSI) of the NBCC stock stands at 45.8, indicating that it is trading neither in the overbought nor in the oversold zone. NBCC shares are trading lower than the 5-day, 10-day, 20-day, and 50-day moving averages, but higher than the 100-day, 150-day, and 200-day moving averages.
In the previous session, the market cap of the firm stood at Rs 31,635 crore. Total 9.35 lakh shares of the firm changed hands, amounting to a turnover of Rs 16.61 crore on Wednesday.
NBCC (India) Limited has signed a Memorandum of Understanding (MoU) with Mahanagar Telephone Nigam Limited (MTNL) to collaborate on the development project. The project aims to transform the land into a state-of-the-art residential/commercial space, leveraging the expertise and resources of both organizations.
Information
NBCC (India) Limited is a Navratna PSU that provides value-added services. The company operates through three segments Project Management Consultancy (PMC), Real Estate Development, and Engineering Procurement and Construction (EPC). The PMC segment is engaged in civil construction projects, infrastructure works for national security, infrastructure projects for the civil sector, and project implementation for Pradhan Mantri Gram Sadak Yojna (PMGSY) and developmental work in the Northeastern Region.
About NBCC (India) Limited
NBCC (India) Limited is a Navratna PSU that provides value-added services in the fields of project management consultancy, real estate development, and engineering procurement and construction.
Frequently Asked Questions
What is the value of the project won by NBCC (India) Limited?
The project is valued at approximately Rs 1,600 crore.
Where is the project located?
The project is located on Pankha Road, New Delhi.
What is the market capitalization of NBCC (India) Limited?
The market capitalization of the firm stood at Rs 31,635 crore in the previous session.
What is the relative strength index (RSI) of the NBCC stock?
The RSI of the NBCC stock stands at 45.8.
What is the beta of the NBCC stock in the last one year?
The beta of the NBCC stock is 1.6 in the last one year.
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