Value of NBCC (India) Shares | On August 31, 2024, the board of directors is scheduled to convene in order to assess the proposal regarding the issuance of bonus shares to equity shareholders.
Early on August 28, NBCC (India) shares jumped 8% as a result of the company’s announcement that it would examine issuing bonuses.
Encouraged by this development, NBCC’s stock saw robust buying that propelled it to the NSE’s day high of Rs 192.60, bringing it one step closer to its all-time high of Rs 198.30.
On August 31, 2024, the board of directors is scheduled to convene in order to assess the proposal regarding the issuance of bonus shares to equity shareholders.
The capitalization of reserves will address this possible problem, pending shareholder approval 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’s 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 biomedical equipment.
Furthermore, on August 9, the Srinagar Development Authority awarded the company a substantial order worth Rs 15 crore to develop a 406-acre Satellite Township at Rakh-e-Gund Akshah, Bemina, Srinagar (J&K).
In terms of financial performance, NBCC recorded a 39% rise in net profit, amounting to Rs 104.62 crore, for the quarter that concluded in June 2024.