NBCC: The Navratna PSU That Has Split Shares Twice
A Unique Distinction Among Navratna PSUs
NBCC India Ltd., a mid-cap Navratna company, has witnessed an impressive 1060% surge in its share price within the past week, primarily driven by the PSU securing several significant contracts. Unlike most other Navratna PSUs, NBCC has undertaken two stock splits, with the first being a 1:1 split and the second a 2:1 split.
Recent Contracts and Share Performance
The company announced that its subsidiary, HSCC India Limited, had secured a substantial order from the Medical Education Ayush Government of India. This development has further contributed to the positive momentum of NBCC's share price. As of August 12, 2024, NBCC India's share price stood at 18229 at Upstox.
Bagging a Contract Worth Rs 700 Crore
In a BSE filing dated June 11, 2024, NBCC disclosed that it had secured an order worth Rs 700 crore. NBCC India Limited is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs.
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