 "NBCC hits record high; surges 100% in six months")
Shares of National Buildings Construction Corporation (NBCC) has rallied 12% to Rs 1,061, extending its past eight day’s rally on BSE, on back of heavy volumes.
The stock opened at Rs 955 and touched a record high of Rs 1,087 so far. The trading volumes on the counter jumped nearly three-fold with a combined 4.06 million shares changed hands on BSE and NSE.
In past six months the stock has appreciated more than 100% from Rs 467 on September 4, 2014 compared with 10% gain in the S&P BSE Sensex. In past one year, it zoomed 674% from Rs 137 on March 4, 2014 against 40% rise in the benchmark index.
NBCC is one among the few players present in 3 verticals of project management consultancy (PMC), engineering, procurement and construction (EPC) and real estate business.
Post the new government at the helm, thrust on low cost housing, smart cities and re-development of government colonies & presses would bring huge opportunities for NBCC’s growth. Further its Public Works Organization (PWO) status augurs well for future order wins from ministries, state and central government on nomination basis, according to analyst at Geojit BNP Paribas.
The stock opened at Rs 955 and touched a record high of Rs 1,087 so far. The trading volumes on the counter jumped nearly three-fold with a combined 4.06 million shares changed hands on BSE and NSE.
In past six months the stock has appreciated more than 100% from Rs 467 on September 4, 2014 compared with 10% gain in the S&P BSE Sensex. In past one year, it zoomed 674% from Rs 137 on March 4, 2014 against 40% rise in the benchmark index.
NBCC is one among the few players present in 3 verticals of project management consultancy (PMC), engineering, procurement and construction (EPC) and real estate business.
Post the new government at the helm, thrust on low cost housing, smart cities and re-development of government colonies & presses would bring huge opportunities for NBCC’s growth. Further its Public Works Organization (PWO) status augurs well for future order wins from ministries, state and central government on nomination basis, according to analyst at Geojit BNP Paribas.