NBCC announced that it has secured new work orders amounting to Rs 71.86 crore as part of its regular business operations. The first project involves providing Project Management Consultancy (PMC) services for the construction of a new campus for the Composite Regional Centre (CRC) at Pudhupatti in Madurai, Tamil Nadu. This assignment has been awarded by the National Institute for Empowerment of Persons with Multiple Disabilities (NIEPMD) and is valued at Rs 29.49 crore.
The company also received another order for the planning, designing, and execution of the International Potato Centre (CIP) in Agra, along with additional miscellaneous works for the National Horticulture Board. This project carries a value of Rs 42.37 crore.
In addition to these, NBCC secured a separate work order worth Rs 45.09 crore for the construction of official premises for the Regional/Circle Office Building of Canara Bank at Murma, Nagri Anchal in Ranchi, Jharkhand.
Stock performance and valuation
NBCC shares have shown a strong performance over the past year, rising approximately 32%. The company currently has a market capitalisation of Rs 30,400 crore, reflecting its significant presence in the construction and real estate sector. The stock is trading near its 52-week high of Rs 130.70, while its 52-week low was Rs 70.80, indicating a relatively strong upward momentum over the year. Valuation metrics show that NBCC has a Price-to-Earnings (P/E) ratio of 50.67 and a Price-to-Book (P/B) ratio of 11.38, suggesting that the stock is trading at a premium relative to its earnings and book value.
Technical outlook
From a technical perspective, the 14-day Relative Strength Index (RSI) stands at 49.1, which indicates neutral market momentum. Typically, an RSI below 30 signals that a stock is oversold, while an RSI above 70 suggests it is overbought. On the moving averages front, NBCC remains in a bullish trend, trading above all eight key Simple Moving Averages (SMA), ranging from the short-term 5-day SMA to the long-term 200-day SMA.
The combination of recent large order wins and strong technical positioning has positively influenced investor sentiment, contributing to the upward movement in the stock observed during Monday’s trading session.
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