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.
Related News Articles
M3M India Strengthens Construction Capabilities with Appointment of Stuart McConnachie as Chief Construction Controller
Real estate company M3M India has appointed Stuart McConnachie as Chief Construction Controller, leveraging his 27 years of international experience in construction management and project oversight.
Maharashtra Real Estate Agents Exam Sees 87% Pass Rate: A Boost for Transparency and Trust
MahaRERA releases results for 5th Real Estate Agents exam, with 87% pass rate and over 4,000 candidates qualifying
Mumbai's Real Estate Market Sees Shift Towards Larger Flats
Mumbai's property buyers increasingly demanding larger flats, leading to a surge in registrations
Kamdhenu Sees 28% Profit Growth to Rs 15.43 Crore in Q1 FY25 Despite Revenue Decline
Kamdhenu's profit grows 28% to over Rs 15 crore in Q1 FY25 despite revenue decline due to general election and severe heat waves
Oyo Acquires G6 Hospitality from Blackstone Real Estate in a $525 Million Deal
Oyo, a travel tech platform, has announced its agreement to acquire Motel 6 and Studio 6 brands from Blackstone Real Estate for $525 million.
Sensex and Nifty in the Limelight: Why CLSA Shifts Focus to India's Market
The Indian stock market, particularly the Sensex and Nifty, is drawing significant attention from global analysts. CLSA, a leading investment firm, has decided to shift its focus from China to India, citing several compelling reasons.