NBCC (India) Ltd (NBCC)

NBCC Stock Poised to Reach Record Highs - 02 May, 2024

NBCC (India) Ltd has undergone consolidation but chart patterns indicate that it is ready to touch fresh record highs. Short-term traders can look for a target of Rs 158-186 in the next 3-4 weeks.

NBCC Secures Record New Works & Incorporates Subsidiary in Dubai - 29 Apr, 2024

NBCC (India) Ltd secures record new works worth ₹23,500 crore YoY growth of over 250%, incorporates a subsidiary in Dubai, and diversifies into the agri-infrastructure sector. Shares rose over 5%.

NBCC Secures Record Projects Worth Rs. 23,500 Crore - 23 Apr, 2024

NBCC (India) Ltd has secured record new works of Rs. 23,500 crore on consolidated basis and Rs. 18,400 crore on standalone basis during FY23-24. The company's Q3 FY24 net profit jumped 60.3% to Rs. 110.74 crore with revenue up 13.7%. NBCC's new orders surged 250% YoY.

NBCC Plans to Set Up Own NBFC to Lower Borrowing Costs - 19 Apr, 2024

State-run construction and real estate developer NBCC (India) Ltd is planning to establish its own non-banking finance company (NBFC) to reduce borrowing costs for key infrastructure projects. The move is expected to save the firm $108 million in interest costs over the next two years. Approval for the shadow bank will be sought from the new administration elected in June.

NBCC Subsidiary Delivers PSUs Club to SCOPE - 16 Apr, 2024

NBCC Services Limited, a subsidiary of NBCC (India) Ltd, has successfully delivered the first-ever PSUs Club, Scope Social Interaction Centre, to SCOPE. The project was executed at a cost of over Rs. 9 Crore, showcasing NSL's commitment to excellence in infrastructure development.

NBCC Shares Fall as Index Drops - 15 Apr, 2024

Shares of NBCC (India) Ltd have fallen by 28% from their record high this year and are currently trading at Rs 127. The company reported a 60.2% rise in consolidated net profit for the third quarter of the fiscal year. The S&P BSE India Infrastructure index is also down 4.86%, with NBCC falling 4.79%.

NBCC (India) Ltd Posts Strong Growth in FY24 - 09 Apr, 2024

Government-owned real estate and construction company NBCC (India) Ltd has reported 63% growth in total income and 66% growth in net profit for the first nine months of FY24. The company plans to diversify into metro railways, monetize its land, and expand overseas business in African countries and tier-2 cities.

Prabhudas Lilladher Gives Buy Call on NBCC (India) Ltd - 08 Apr, 2024

NBCC (India) Ltd reported a consolidated total income of Rs 2471.51 crore for Q3 FY2024, up 16.08% from the previous quarter and 12.79% YoY. The company's net profit after tax was Rs 113.60 crore in the latest quarter. Promoters held 61.75% stake in the company as of December 31, 2023, while FIIs owned 4.46%, DIIs 10.41%. Prabhudas Lilladher has given a buy call with a target price of Rs 159.

Prabhudas Lilladher Suggests Buying NBCC (India) Ltd Stock - 07 Apr, 2024

Vaishali Parekh of Prabhudas Lilladher recommends buying NBCC (India) Ltd stock, citing a positive trend reversal and upside potential. The target price is set at 159 with a stop loss of 124.

BSE Increases Circuit Limit for NBCC (India) Ltd and 330 Other Stocks - 05 Apr, 2024

The BSE has increased the circuit limit for NBCC (India) Ltd and 330 other stocks to 10% from 5%, effective April 5.