PSU NEWS
NBCC shares surges amid construction plan for Supertech buyers
According to a report, NBCC has set a target of building 26,000 flats in the first phase. These include 7 projects spread across Noida and Greater Noida.
NBCC (India) shares surged after the PSU major announced a proposed three-year construction plan to reassure thousands of homebuyers of 17 Supertech projects. The plan aims to complete 50,000 apartments currently managed by an insolvency professional.
The Navratna PSU stock ended 2.74% lower at Rs 173.80 on Monday. Shares of NBCC have zoomed 191.66% in a year and gained 112% in 2024. However, the multi-bagger stock saw high volatility with a beta of 1.5 in the last year.
According to a report, NBCC has set a target of building 26,000 flats in the first phase. These include 7 projects spread across Noida and Greater Noida.
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