PSU stock: NBCC (India) surges by 4% amid bagging multiple orders, Check Price Targets should buy or not?
Multibagger PSU Stock, specializing in Civil Construction business, NBCC (India) Ltd has seen a significant surge in share price amid bagging several work orders in past six months. Here to know, why to add the stock at your watch-list and future prospects of profits and losses.
Multiple Order Gains:
Recently, the company has secured an order of Rs 120.90 crore from High Court of Andhra Pradesh and C-DOT. Meanwhile, a major contract from Railtel has been signed on 7 April, 2025.
The state-run firm has confirmed through exchange filing, that it had bagged three new projects in the ordinary course of business. These include construction of a multistorey court building in Gudivada, Andhra Pradesh, valued at Rs 46.69 crore; development of a 14-court building complex in Bhimavaram, worth Rs 72.17 crore; and renovation of the TEC Building in New Delhi, amounting to Rs 2.04 crore.
Meanwhile, NBCC signed a Memorandum of Understanding (MoU) with Railway-PSU firm RailTel to collaborate on data centre projects across India and overseas for the next five years.
Under this collaboration, the company will provide Project Management Consultancy (PMC) services for the construction of data centre buildings and associated civil/passive infrastructure. RailTel will handle planning, designing, supply, installation, testing, commissioning (SITC), and operations & maintenance (O&M) of the IT-related infrastructure.
Financial Performance:
The Revenue of the NBCC (India) for the December quarter is up by 17.52% YoY at Rs 2.83K crore and Net-Income of the company was standing at Rs 138.48K crore, up by 25% YoY. Net Profit Margin stood at 4.9%, up by 6.52% as of December-end.
Stock Performance:
The market capitalization of the company is at Rs 23.53K crore with dividend yield at 0.73%. The stock was opened at Rs 82.64 on Wednesday. The stock has been surged over 10.55% in the past one month. The 52-week high is at Rs 139.83 and the 52-week low is at Rs 70.80.
As per the Analysts Target, the Median Price Target is at Rs 121.0, Lowest Price Target is at Rs 110.0 and the Highest Price Target is at Rs 133.00. According to Trendlyne, the average price target is at Rs 110, while INDmoney.com suggests that NBCC shares are stabilizing around Rs 77.86, with potential consolidation. A breakout above Rs 81 would lead to a price target of Rs 90.
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Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult with a certified financial advisor before making investment decisions.
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