NCC surges on receiving new orders worth Rs 3,086 crore in March
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NCC is currently trading at Rs. 239.85, up by 7.45 points or 3.21% from its previous closing of Rs. 232.40 on the BSE.
The scrip opened at Rs. 237.00 and has touched a high and low of Rs. 241.40 and Rs. 236.60 respectively. So far 30170 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 267.45 on 27-Feb-2024 and a 52 week low of Rs. 99.55 on 24-May-2023.
Last one week high and low of the scrip stood at Rs. 246.55 and Rs. 231.00 respectively. The current market cap of the company is Rs. 14591.15 crore.
The promoters holding in the company stood at 22.00%, while Institutions and Non-Institutions held 34.41% and 43.59% respectively.
NCC has received new orders worth Rs 3,086 crore (Excluding GST) in the month of March 2024. Out of them, Rs 1,589 crore relates to Electrical division, Rs 1,330 crore relates to Transportation Division and Rs 167 crore relates to Building Division. The orders are received from State Government Entities and Private Limited Company and does not include any internal orders.
During the Financial Year 2023-24, the company has secured orders totalling to around Rs 26,000 crore and achieved the guidance given by the management, at the beginning of the Financial Year.
NCC is engaged in development of real estate. The company’s projects stand on credentials of its work in various sectors such as Housing, Transportation, Power, water, Metals and Oil and gas.
