On Friday, shares of NBCC (India) Ltd zoomed 2.41 per cent to Rs 48.78 per share from its previous closing of Rs 47.63 with an intraday high of Rs 51.20 and low of Rs 48.50. The stock also traded at a new 52-week high of Rs 51.20 per share with a spurt in volume by more than 1.12 times on BSE.

Shares of the company have gained about 60 per cent in the last six months.

The company has a market cap of Rs 135 crore. The company reported positive numbers in its quarterly results and annual results. The net sales increased by 28.47 per cent to Rs 88.59 crore and net profit increased by 2.35 per cent to Rs 4.36 crore in FY23 compared to FY22.

The company plans of becoming a debt free entity by the end of FY24.

The stock has displayed remarkable performance, delivering an impressive 113 per cent return in a year and a multibagger 373 per cent return in the last three years

UCL is engaged in the manufacturing and marketing of flexible packaging material for the packaging requirements of various industries. Its products are crafted out of an extensive range of industry-approved materials such as polyethene terephthalate, biaxially-oriented polypropylene, polyethene, cast polypropylene, foil, paper, bio-degradable films, etc.

The purpose of this distinguished gathering is to delve into meaningful collaborative opportunities to facilitate business expansion plans in EV manufacturing, address, challenges tied to establishing a robust charging infrastructure, and foster mutually beneficial partnerships.

Furthermore, Ashish Kacholia, an ace investor, participated in the preferential issue of shares. He acquired 21,65,500 shares, which represents 2.16 per cent of the total shares issued.

The shares of the company have generated a multibagger return of 2230 per cent in the last three years.

Shares of the company have gained about 100 per cent in the last six months.