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.

Ace investor Ashish Kacholia holds a 3.73 percent stake in the company, joined by luminaries like Varun Daga and Sunil Singhania's Abakkus Emerging Opportunities Fund-1. 

The consolidated net profit for the June quarter recorded robust growth of more than 50 per cent.

The Management added, “The MoU signifies a significant step towards fostering technological innovation and collaborative efforts in the Electricity Distribution and Energy Sector. We believe that this strategic partnership will contribute to the advancement of the industry and bolster our commitment to providing cutting-edge solutions.”

. Moreover, the stock has surged more than 70 per cent in just 1 year

Shares of the company gained more than 140 per cent in the last six months.

The shares of the company have a PE of 14.7x whereas the industry PE is 33.5x with an ROE of 10.5 per cent and a ROCE of 20.2 per cent. The stock gave multibagger returns of 145 per cent in just 1 year whereas BSE Sensex Index is up by 10.10 per cent.

Additionally, The Board of Directors of the company have declared a final dividend of Rs 0.10 per share for a face value of Rs 1 for the financial year 2022-2023.

The company previously issued bonus shares in the ratio of 2:1 and split its stock from a face value of Rs 10 to Rs 1. The ex-bonus issue date was May 19, 2022, and the ex-split date was February 3, 2022.

Earlier, the company drafted a scheme of amalgamation with FIBA HARDWYN LOCKS LIMITED, having its registered office at C-147 Mayapuri Indl Area Phase II New Delhi110064, engaged in the Manufacturing of fabricators, cutters moulder and allied business to deal in the hardware industry.