Shares of NBCC rose as much as 6 per cent to Rs 52.90 apiece in intra-day on the National Stock Exchange (NSE) on Wednesday after the company received Letter of Award (LoA) from the government for construction of office building at New Delhi.
The stock has rallied 11 per cent from its 52-week low of Rs 47.65 touched on Tuesday in intra-day trade.
'NBCC has received a Letter of Award of work from Ministry of Skill Development and Entrepreneurship, Govt. of India for construction of office building i.e. Kaushal Bhawan at New Delhi. The estimated cost of the project is