NCC gains 3% on winning orders worth Rs 2,088 crore in May 2023
Shares of NCC were up 3 per cent at Rs 126.45 on the BSE in Friday’s intra-day trade after the company said it received new orders aggregating Rs 2,088 crore (excluding GST) in the month of May 2023.
The stock of civil construction company had hit a 52-week high of Rs 126.85 on May 3, 2023. Thus far in the calendar year 2023, it has surged 36 per cent, as compared to 2.1 per cent rise in the S&P BSE Sensex.
Out of total Rs 2,088 crore orders, the company’s Building Division has signed the agreements for orders amounting Rs 1,668 crore and Water Division order worth Rs 420 crore, NCC said in an exchange filing. These orders are received from State Government Agencies and does not include any internal orders, the company said.
