NBCC (India) rises on yearly order win surge

Ircon International

23/04/2024 10:38

** Shares of construction co NBCC (India)  NBCC.NS  are up
around 8%
    ** NBCC said it secured new works worth 235 billion rupees
($2.8 billion) during FY23-24, up more than 250% from previous
year 
    ** Stock set for its second best day of the month; it is up
about 13% in April
    ** Nearly 26 mln shares traded as of 3:00 p.m. IST, 2 times
its 30-day avg
    ** NBCC has outperformed its peers so far this year 
    ** Stock up about 67% YTD, compared with a 33% rise in Ircon
International  IRCN.NS  and a 17.5% rise in G R Infraprojects
 GINF.NS   

($1 = 83.3531 Indian rupees)

 (Reporitng by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))