NCC rises over 4.5%

NCC yesterday announced receipt of orders. The company has received four new orders totaling to Rs. 2061 crore.

Out of this, three orders totaling to Rs. 1997.51crore pertain to Buildings Division and one order of Rs. 63.45 crore pertain to Water & Environment Division, All these orders are received from various central and state government agencies and do not include any internal orders.

The company has so far received new orders of Rs. 3669 crore up to lune, 2018, i.e. in the first three months of the current financial year.

The stock price surged on this news – going up over 4.5% to Rs.101.35. Its 52-week high currently stands at Rs.141.85.