NBCC share price gains after bagging Rs 204-crore orders in Seychelles

The company has bagged orders for the construction of police headquarter and attorney general’s office in Seychelles.

NBCC share price was up over 2 percent in the morning trade on July 28 after the company received orders worth Rs 204 crore in Seychelles.

NBCC will construct police headquarters in Seychelles at an estimated cost of $13.9 million and attorney general’s office for $13.38 million, the state-run company told exchanges.

The stock, which has gained over 25 percent in the last three months and was trading at Rs 24.60, was up Rs 0.60, or 2.50 percent, at 0924 hours. It has touched an intraday high of Rs 25.35 and an intraday low of Rs 24.50.

According to Moneycontrol SWOT Analysis powered by Trendlyne, NBCC has zero promoter pledge and has seen profits rise in the past two quarters.

Moneycontrol technical rating of the stock, however, is bearish, with moving averages being bearish and technical indicators being neutral.

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