The share price of NBCC India increases On August 31, 2024, the board of governors is scheduled to convene in order to look at the proposal for the issuance of extra shares to equity owners.
NBCC India increases by 117.20% in 2024 alone, and it has returned an amazing 261.96 percentage for the last year. On August 28, NBCC (India) shares increased 18% intraday after the firm said it would examine issuing bonuses.
Encouraged by this information, NBCC India increases stock surged to a 52-week high of Rs 209.75 according to the BSE due to heavy purchasing in its shares.
NBCC India increases was trading at Rs 207.80 at 12:47 a.m., up Rs 30.15, or 16.97 percent. On August 31, 2024, the board of directors is scheduled to convene in order to assess the proposal for the issuance of bonus shares to equity owners.
The funding of reserve will address this possible problem, pending shareholder consent and the board-determined ratio.
In recent news, the Directorate of Medical Education & Research, Haryana, awarded a work order valued at Rs 528.21 crore to NBCC India increases subsidiary HSCC (India) on August 14. This order is for the Pt. Deen Dayal Upadhyaya University of Health Sciences in Kutail, Karnal, to purchase hospital furnishings and biological equipment.
Furthermore, on August 9, the Srinagar Development Authority awarded the business a substantial contract for Rs 15 crore to build a 406-acre Satellite Township at Rakh-e-Gund Akshah, Bemina, Srinagar (J&K).
Regarding financial performance, NBCC India increases said that its net profit for the quarter that concluded in June 2024 increased by 39% to Rs 104.62 crore.
Read more:
Is the Indian stock market is closed on Mondays in 2024 because to Janmashtami:
Who is the owner of NBCC:
As a fully owned Government of India public undertaking (PSU), the Government of India public NBCC was established in 1960 under the Ministry of Works, Housing & Supply (MoWHS), which is currently known as the Ministry of Urban and Housing Affairs (MoHUA).
What does the 52-week high mean:
The highest price at which a stock has been trading in the past year is known as its 52-week high. It marks a high point in the stock’s progress and is an important indication for traders and investors.
Why is the price of NBCC’s shares rising:
The company’s statement that the board would get together on Saturday, August 31, 2024, to deliberate a proposal for bonus shares to be issued to equity owners is credited with sparking the upward move in NBCC’s stock price.4
Does NBC provide bonus shares:
Following the company’s announcement of a prospective bonus share issuance, NBCC India increases to a new high. On August 31, 2024, the suggestion will be discussed by the Board of Directors. This year, the company’s stocks have increased by 151% thanks to order acquisitions and big contract wins.
Nbcc share divided when:
The most recent split of the shares took place on April 25, 2018. Currently, 15 NBCC. NS shares are equal to one NBCC. NS share purchased before June 2, 2016.
Is it wise to put money into NBCC:
MoneyWorks4Me’s study of price trends shows that they are semi-strong, indicating a potential rise in NBCC (India) Ltd’s price in the near future. But before you invest, please be sure to look at the Quality and Valuation ratings.
How much did NBCC peak at 52 weeks ago:
What are NBCC (India) Ltd.’s 52-week high and 52-week low? The price at which NBCC (India) Ltd. stock has fluctuated over the last 52 weeks, or about a year, is known as the 52-week high/low. As of August 27, 2024, NBCC (India) Ltd. had a 52-week high of ₹198.25 and a 52-week low of ₹49.06.