PSUs NBCC

The NBCC (India) share rose after the company announced that it has secured an order of Rs 315 crore from ST & SC Development, Minorities & Backward Classes Welfare Department, Government of Odisha

The uptick in NBCC share price came after the company announced, via two separate filings, that it has sold commercial spaces worth Rs 2,251 crore.

Shares of NBCC shot up by 11.6 per cent at Rs 188.50 per share on the BSE in Friday's early morning deals. This came after the state owned civil construction firm bagged a major work order

The rise in the NBCC share price came after the State-owned company announced that its arm, HSCC (India) Limited, has secured an order worth Rs 411.45 crore.

Shares of NBCC surged by 11 per cent at Rs 158 per share on the BSE in Tuesday's intraday trade. The shares of the company have zoomed 98.14 per cent in the last six months

The State-owned company's profit rose 24.6 per cent on a year-on-year (Y-o-Y) basis to Rs 141.5 crore in the March quarter of financial year 2024 (Q4FY24)

Valuation rerating largely behind surge in mcap

State-owned NBCC (India) Ltd has sold 2.23 lakh square feet of commercial space for Rs 905 crore in the World Trade Centre project at Nauroji Nagar in the national capital. In a statement, NBCC said it has conducted the 22nd auction for the sale of commercial space in the World Trade Centre. "The company has sold a total unsold commercial inventory of 2.23 lakh square feet (approx) having a sale value of Rs 905.01 crore, out of which 0.43 lakh square feet area having sale value of Rs 191.84 crore has been sold to private entities," it added. As of date, the company has sold a total unsold commercial inventory of 23.92 lakh square feet through open e-auction, having a sale value of Rs 9,656.62 crore. The Ministry of Housing and Urban Affairs has appointed NBCC, a Navratna company, as the implementing agency for the redevelopment of Nauroji Nagar, New Delhi. NBCC is authorised to market the commercial space on a freehold basis. NBCC is mainly into PMC (project management consultancy

Mittal, CMD of the NBCC, was named in an FIR filed by the CBI in about Rs 21 billion Pragati Maidan redevelopment project

STC India, Hindustan Copper and MMTC were up more than 60% in past one month