NBCC share price rises 2% on bagging Rs 92-crore work order

NBCC

Shares of NBCC gained 2 percent in early trade on March 5 after the company's subsidiary received Rs 92-crore order.

At 9:26am, NBCC (India) was quoting Rs 134.90, up Rs 2.55, or 1.93 percent, on the BSE.

The Post-Graduate Institute of Medical Education And Research (PGIMER) Chandigarh has awarded a work order to the subsidiary HSCC (India) Limited as appointment of architectural consultant for comprehensive planning, designing, and monitoring and supervision for the work of construction of extension block for advanced eye centre and DDTC in front of drug de-addiction centre, at PGIMER Chandigarh.

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Recently, the company sold 2.05 lakh square feet of commercial space in the World Trade Centre in Delhi for around Rs 828 crore.

In February, the company executed the e-auction of approximately 61,000 sqft commercial built-up area at Ayurvigyan Nagar in New Delhi. The basic sale price of the project is Rs 36,000 per sqft and total deal is valued at Rs 272.68 crore.

Also, the company obtained the in-principle approval of Greater Noida Authority for the development of unused and purchasable FAR in furtherance of existing projects of Amrapali valuing Rs. 10,000 crore (approx).

In December 2023, NBCC announced sales of 5,000 units for Rs 2,900 crore across several residential projects of erstwhile Amrapali Group.

The share touched a 52-week high of Rs 176.50 and a 52-week low of Rs 30.96 on 05 February, 2024 and 28 March, 2023, respectively. Currently, the stock is trading 23.57 percent below its 52-week high and 335.72 percent above its 52-week low.