Bihar government gave work worth Rs 1261 crore, shares of government company rose

Stock Market: NBCC Limited has received work worth Rs 1261 crore from the Bihar government. The company’s shares have seen a rise of 2 percent.

Tarun Pratap Singh Mon, 23 Sep 2024 09:56 AM SharePersonal Loan

NBCC Ltd Share Price: NBC Limited has received a work worth Rs 1261 crore from Nitish Kumar’s government of Bihar. After receiving this work, NBCC shares saw a rise of 2.52 percent. Due to which the share price reached the level of Rs 178.50 on Monday.

Got work from Ministry of Health

The company has informed the stock markets that it has received work worth Rs 1261 crore from the Bihar Health Ministry for work related to AIIMS in Darbhanga. Let us tell you, earlier this month, the company has signed an MoU of Rs 1600 crore with MTNL.

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NBCC shares

There has been a 38 percent increase in the net profit of the government company NBCC. The company’s profit during the first quarter of the current financial year was Rs 107.20 crore. A year ago, in the same quarter, the profit of NBCC Limited was Rs 77.40 crore. During April to June, the total income of this company was Rs 2197.80 crore. Whereas in the same period, this income was Rs 1974 crore.

How is the company’s performance in the stock market

During the last one year, the stock prices of NBCC Limited have seen a jump of more than 200 percent. Investors who have held this stock for 6 months have gained more than 50 percent. However, the last one month has not been good for investors. During this period, the stock prices have seen a decline of more than 2 percent.

NBCC Limited has a 52 week high of Rs 209.75 and a 52 week low of Rs 56.71. The company has a market cap of Rs 31,797 crore. The government’s total stake in NBCC is more than 61 percent.

(This is not an investment advice. The stock market is subject to risks. Please seek expert advice before making any investment.)