10 Insights into Surge of NBCC (India) Stock in a Year

1. Ascending NBCC Stock

NBCC (India) observes a 4.8% increase in its shares during the eighth consecutive trading session, reaching ₹176.85 per share.

2. Remarkable Returns

The stock yields a remarkable multibagger return of 111.23% within a single month.

3. Impressive Growth Trajectory

NBCC exhibits a robust upward trend, with a surge of 284% in the preceding six months and nearly 400% over the past year.

4. Significant February Advancements

Noteworthy gains of 10% and 19% are documented on February 01 and February 02, respectively, contributing substantially to the overall surge.

5. Government's Influential Role

The stocks surge is attributed to the governments emphasis on affordable housing in the Union Budget 2024-2025.

6. Ambitious PMAY Plan

Finance Minister Nirmala Sitharaman unveils plans to construct 20 million new houses under the Pradhan Mantri Awas Yojana (PMAY) within the next five years, targeting economically weaker sections, low-income groups, and middle-income groups.

7. Focus of PMAY

PM Awas Yojana aims to provide affordable housing to economically weaker sections, low-income groups, and middle-income groups through financial assistance.

8. Core Operations of NBCC

Established in 1960, NBCCs primary operations encompass project management consultancy, real estate development, and EPC contracting.

9. January Surge Driven by Order Acquisitions

NBCC experiences a notable surge in January, fueled by the acquisition of eight new orders, including a substantial one for agri-infrastructure projects.

10. Highlights of Financial Performance

In Q2 FY24, NBCC posts a consolidated net profit of ₹182 crore and achieves a revenue from operations of ₹2,053 crore, indicating positive financial momentum.