NBCC share price NBCC an Indian state-owned company established in 1960, is headquartered in New Delhi and has 31 regional offices nationwide. The company, a Navratna entity, is involved in PMC, EPC, and Real Estate Development. NBCC constructs apartments and townships for the urban poor and underprivileged, along with commercial projects like office buildings and shopping malls.
NBCC Share prices
NBCC’s stock prices spiked following the presentation of the Interim Annual Budget 2024 by India’s Finance Minister. The plan to build two crore residential homes over the next five years was emphasized by Finance Minister Nirmala Sitharaman, causing a brief increase in the NSE NBCC Stock before declining. In this article, we will explore various market projections for NBCC’s Share Price in 2025 and 2030.
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NBCC Latest News
The NBCC stock has been declining on the National Stock Exchange recently, possibly as a result of profit booking by the company. Within a span of two weeks, between January 19th and February 2nd, the NBCC (NSE) stock surged from Rs 87.20 to Rs 168.65 per share.
NBCC Ltd, also known as the National Buildings Construction Corporation Limited, has released its financial results for the third quarter of FY24, revealing an EBITDA of Rs 117.7 crores, marking a 23% increase compared to the previous year.
During the Annual Budget Presentation in parliament, Finance Minister Nirmala Sitharaman’s announcement to build two crore homes in the next five years boosted state-owned NBCC Share Price by 7.41% to Rs 139 per share from Rs 129.40 on BSE.
NBCC will be constructing a mixed-use commercial and residential project in the Kochi district of Kerala on 17.9 acres of land at Marine Drive, provided by the Kerala State Housing Board.
NBCC has announced in a statement that it has secured a contract valued at Rs 98 crores from the Navodaya Vidyalaya Samiti.
Points to consider before investing in NBCC NSE Stock
NBCC stock experienced a recent positive trend on the stock exchange, although it slightly decreased following a 93% surge between February 19th and 2nd February. The decline in its stock value could be attributed to profit booking.
During the presentation of the union’s 2024 annual budget, the esteemed Finance Minister Nirmala Suithraman revealed plans to introduce two crore new residential homes within the next five years. This initiative is expected to enhance the performance of the national buildings Construction company on the stock exchange in the following years.
In December last year, NBCC Limited received eight new orders according to the company’s exchange filing.
NBCC has successfully obtained a substantial order worth Rs 1500 crores for building 1469 warehouses and agricultural infrastructure. This will support the largest grain storage initiative globally in the cooperative sector.
NBCC’s financial report for the second quarter of FY2024 shows a net profit of Rs 82 crores, compared to Rs 77 crores in the first quarter of the same fiscal year.
NBCC Ltd, also known as National Buildings Construction Corporation Limited, saw a slight increase in revenue from Rs 1918 cr in Q1 FY24 to Rs 2053 cr in Q2 FY24.
Sajiv Bhasin of IIFL Securities has recommended maintaining a positive outlook on NBCC stock in the stock market, as it has the potential to pleasantly surprise investors with its upward movement.
Summary
The NBCC stock price has surged by 276% over the past year at the National Stock Exchange but has only risen by 160% since August 15, 2019, indicating its volatile nature influenced by market fluctuations and government policies. Given NBCC’s significant role in real estate development, the recent announcement in India’s interim union budget to construct more affordable housing in the coming years has heightened the demand for NSE NBCC stock. Over the last month, starting from January 15th, NBCC NSE has seen a 42% increase and a 175% surge since August 14, 2023.
FAQ
What is the NBCC Share Price Target in 2025?
NBCC NSE’s projected share price target for 2025 ranges from Rs 194 to Rs 163.
What is the NBCC Share Price Target in 2026?
NBCC NSE has set a share price target of Rs 211 to Rs 191 for the year 2026.
What is the NBCC Share Price Target in 2030?
It is predicted that NBCC NSE’s Share Price will range between Rs 348 and Rs 321 in 2030.
What is the NBCC Share Price Target in 2024?
NBCC NSE’s Share Price Target for the year 2024 is between Rs 178 and Rs 125.
