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Navratna stock to watch after it receives EPC work orders worth ₹264 Cr

Navratna stock has received a ₹264.16 crore work order for infrastructure development at NIT Kurukshetra, including academic and residential buildings, under the EPC mode.
Navratna stock wins ₹264.16 crore order for infrastructure development at NIT Kurukshetra.

Introduction:

Navratna stock has secured a ₹264.16 crore work order for constructing academic and residential facilities at NIT Kurukshetra in Haryana. This project will enhance infrastructure under the EPC mode, reinforcing the company’s ongoing commitment to business expansion and development.

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Share Price movement of NBCC (India):

On February 24, 2025, NBCC (India) Limited opened at ₹80.10, reaching a high of ₹81.17 and a low of ₹78.83, down 1.20% from its previous close of ₹81.08. Currently, it is trading at ₹80.11, with a market cap of ₹21,629.70 crore.

NBCC (India)  share price rise:

NBCC (India) Limited has been awarded a work order worth ₹264.16 crore for the construction of various facilities at NIT Kurukshetra in Haryana. This includes building academic blocks, hostels, residential blocks, and other external development works under the EPC mode.

The project is part of the company’s normal course of business. The detailed information is also available on the company’s official website for further reference. The work is aimed at expanding and improving the infrastructure at NIT Kurukshetra.

Also Read: Realty stock to watch after company to invest ₹1500 Cr at Invest Kerala Global Summit

Recent news About NBCC (India):

On February 21, 2025, the Supreme Court stayed the National Company Law Appellate Tribunal’s order, which directed NBCC to complete 16 Supertech projects. The review will determine if the NCLAT’s allocation of work adhered to the Insolvency and Bankruptcy Code.

Stock performance of NBCC (India) for Period of 1 week, 6 months and 1 year:

NBCC (India) stock experienced a 2.28% decline over the past week, showing short-term volatility. Over the last six months, the stock dropped 38.6%, indicating a challenging period. In the one-year period, the stock saw a 16.2% decrease, reflecting overall underperformance.

Also Read: Ashish Kacholia stock jumps after it announces 1:2 stock split

Shareholding pattern of NBCC (India):

All values in %Dec-24Sep-24Jun-24
Promoters61.7561.7561.75
FII4.154.114.43
DII8.949.19.48
Retail & others25.1525.0324.34

About NBCC (India):

NBCC (India) Limited is a public sector enterprise engaged in construction, real estate development, and project management consultancy. It undertakes infrastructure projects across various sectors, including residential, commercial, and institutional buildings, while also providing EPC services to clients nationwide.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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