Rs 50,000 crore order book: LIC-backed multibagger penny stock bags multiple new orders worth Rs 687 crore in January; do you hold it?
Shares of the company have gained more than 110 per cent in the last six months.
January has been a month of phenomenal growth for NBCC, exceeding even their massive Rs 50,000 crore order book. The company has already secured new contracts worth over Rs 687 crore, showcasing its diverse capabilities and order win momentum.
From building multiple Jawahar Navodaya Vidyalaya schools in the Northeast to renovating the prestigious Civil Services Officers Institute pool, NBCC is proving its expertise in various sectors. The company has also landed the sensitive project of fitting out the Lokpal of India's new office, highlighting its trust and reputation in public infrastructure.
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Furthermore, securing the construction of the NIFT campus in Varanasi opens new doors for NBCC, geographically and project-wise. Additionally, with the cost increase approval for the BPS Government Medical College project, they continue solidifying their presence in healthcare.
NBCC's growth extends beyond its core business. Their subsidiary, HSCC, bagged a project management consultancy contract for the Research Institute of Yoga & Naturopathy in Assam, demonstrating their commitment to national development and diversified projects.
With a winning streak like this, NBCC is positioned for even greater success in the future, exceeding expectations and shaping the infrastructure landscape of India.
NBCC (India) Limited is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs. The stock has delivered multibagger returns of over 160 per cent in the last three years. The company has an order book worth Rs 55,000 crore and LIC owns a 6.55 per cent stake in the company.
The stock has shown tremendous growth and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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