NCC's stock spurts ~11% on bagging order worth Rs323.65 crore in March 2022

1 Apr 2022 , 03:22 PM

NCC Limited’s counter jumped about 10% so far in today’s trade as the construction player announced winning a prestigious order.

NCC informed in its press release that it has received one new order worth Rs323.65 crore (exclusive of GST) in the month of March 2022. This order is procured by the building arm of the company.

The company has received this order from a State Government agency and does not include any internal order.

This contract secured by the company needs to be completed within a period of 24 months. However, the company did not disclose the name of the government agency.

Also, this is not a related party transaction for the company.

NCC’s stock was currently trading at Rs64.65, up by 11.36% against its previous close of Rs58.55 on NSE. It touched an intraday high and low of Rs65.40 and Rs61 respectively.