Rekha Jhunjhunwala's portfolio multibagger stock surge on securing a new order worth Rs 3,086 crore
This stock has given multibagger return of over 127 per cent in one year and 55.80 per cent in the last six months.
Indian engineering leader NCC capped off FY24 with a bang, securing a massive Rs 3,086 crore order in March 2024 (excluding GST). This significant win strengthens their order book and fuels their growth momentum.
The new orders showcase NCC's strength in various sectors:
- Rs 1,589 crore: Electrical division, highlighting growing demand for electrical and railway infrastructure projects.
- Rs 1,330 crore: Transportation division
- Rs 167 crore: Building division
These orders come from both state government entities and private limited companies, demonstrating NCC's diverse client base. This substantial order win follows NCC's successful achievement of its FY24 guidance. The company secured a total of around Rs 26,000 crore worth of orders throughout the year, exceeding expectations and showcasing its ability to capitalize on market opportunities.
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NCC's impressive order book positions the company for sustained growth in the coming financial year. With a diversified portfolio and strong execution capabilities, NCC is well-positioned to capitalize on India's booming infrastructure sector.
NCC's stock continues its upward trend! Today, NCC is trading at Rs 241.30, reflecting a gain of Rs 8.90 (or 3.83 per cent) compared to the previous close of Rs 232.40. This positive movement follows yesterday's strong performance. Looking at the trading activity, the stock opened at Rs 237.00, reached a high of Rs 242.55, and dipped to a low of Rs 236.60. The Volume Weighted Average Price (VWAP) sits at Rs 240.23.
Established in 1978, NCC Limited is a leading player in India's infrastructure sector. The company undertakes turnkey EPC contracts and BOT projects (Public-Private Partnerships) across various verticals including Buildings & Housing, Roads, Railways, and more.
Disclaimer: The article is for informational purposes only and not an investment advice.