Shares of civil construction company NCC hit a new high of Rs 243 as they surged 7 per cent on the BSE on positive outlook. In the past two months, the stock has zoomed 47 per cent.
NCC is engaged in the construction of roads, buildings, irrigation, water and environment, electrical, metals, mining, and railways. Apart from executing projects across India, the company has a presence in the Middle East through its subsidiaries in Muscat and Dubai.
In the third quarter of the current financial year 2023-24 (Q3FY24), the company secured orders aggregating to Rs 796 crore and the order book stood at Rs 57,440 crore on a consolidated basis as at December 31, 2023.
