430% return in 2 years: Multibagger PSU stock gains after strong quarterly results

NBCC Share Price NSE, BSE: Shares of State-owned NBCC gained over 3 per cent on Wednesday on the back of strong quarterly results. The counter opened at Rs 176.80 on the BSE and gained further to touch the high of Rs 178.90 – a gain of 3.11 per cent from the previous close of Rs 173.50. The stock of NBCC, which has a market cap of Rs 31,734 crore, has a 52-week high of Rs 198.25 and a 52-week low of Rs 46.80.

NBCC Share Price History

This is one of the PSU stocks that has given good returns to investors. The stock has surged 272 per cent in one year and 430 per cent in two years. The counter has gained over 115 per cent so far this year.

NBCC Q1 Results

NBCC Q1 net profit rises 38 pc to Rs 107 cr New Delhi, Aug 13 (PTI) State-owned NBCC Ltd on Tuesday reported a 38 per cent increase in its consolidated net profit to Rs 107.19 crore for the first quarter of this fiscal.

Its net profit stood at Rs 77.41 crore in the year-ago period.

The company’s total income rose to Rs 2,197.83 crore in the April-June quarter of this fiscal from Rs 1,974.03 crore in the corresponding period of the previous year, according to a regulatory filing.

NBCC is into project management consulting and real estate business.

With agency inputs