NBCC hits a new high

NBCC (India) is currently buzzing loud on Dalal Street; the stock, which had closed yesterday at Rs.59.78, opened today morning at Rs.61.60 and went on to hit a new 52-week high at Rs.63.65, up 6.5%.

The stock price hit a high, driven by its announcement that it has received an order worth Rs 2,000 crore from the Kerala State Housing Board (KSBH).

The project entails the development of 17.9 acres of land parcel of Kerala State Housing Board at Marine Drive, Kochi, Kerala.

The time period for the project execution is yet to be decided.

And two days ago, the company had got an order worth Rs.20 crore from Govt for renovation and construction at Mint, Mumbai.

The consistent slew of orders is what is driving the stock price in recent times.