1 year ago
NCC Shares Surge After Securing ₹2,090.5 Crore Bihar Project
NCC, a company that builds things, saw its stock price go up.
This happened after they announced a new project worth over ₹2,000 crore in Bihar.
The project is with the Water Resources Department.
The stock rose almost 5% on Monday.
The stock has grown over 17% in the last six months, but it has also fallen almost 31% in the last year.
The details of the project were also mentioned.
NCC's share price increased by 4.77% on Monday.
The increase followed the announcement of a ₹2,090.5 crore infrastructure project.
The project is from the Water Resources Department in Bihar.
NCC's stock has risen 17% in the last six months.
The stock has decreased 31% in the last year.
- Who
- NCC
- What
- Won ₹2,090.5 crore infrastructure project
- Where
- Bihar
- When
- Monday
- Why
- To construct infrastructure
Key facts
- Contract Value
- ₹2,090.5 crore
- Project
- Barnar Reservoir Scheme
- Client
- Water Resources Department, Bihar
- Share Price Increase (Monday)
- 4.77%
- 6-Month Share Performance
- Up 17%
- 1-Year Share Performance
- Down 31%
Quotes
Anand Rathi
A domestic brokerage firm
“NBCC has corrected from its recent peak near 130 and retraced towards the 100 levels. At present, the stock is witnessing a reversal from its previous demand zone as well as from the placement of its 200 DEMA and 200 DSMA”
businesstoday.in
“We advise traders to accumulate the stock in the range of Rs 106–100 with a stop loss at 89 and an upside target of Rs 130”
businesstoday.in
