Multibagger NBCC share price climbs over 8% after company bags new orders worth ₹491 crore

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NBCC (India), the state-owned construction firm, jumped 8.4% in today's early morning deals, reaching ₹141 apiece after the company received orders worth ₹491.45 crore from multiple clients.In an exchange filing on Wednesday, the company announced that it secured a ₹112 crore order from the Central Government Health Scheme (CGHS) for the construction of a multi-facility healthcare complex. Additionally, it won a ₹73.27 crore order from the Department of Social Security and Empowerment of Persons with Disabilities for the construction of the Infrastructure Complex (IIC) with peripheral development in Bargarh District, Odisha.Also Read: 4 auto stocks including Bajaj Auto, TVS Motor hit new all-time highs – here's whyThanks to strong order wins this year, the stock has rewarded shareholders with a return of 79% over the past six months and 219% over the last year.

From its April 2020 low of ₹15.90 per share, the stock has skyrocketed 780% to date.In the recent March quarter (Q4FY24), the company reported a healthy performance, with net profit growing 26% year-on-year to ₹136.08 crore, up from ₹108.4 crore in the same period the previous year. Income from operations rose to ₹4,024.5 crore in the fourth quarter of the last fiscal year, compared to ₹2,813.35 crore in the corresponding period the previous year, according to the regulatory filing.For the fiscal year 2023-2024, net profit increased to ₹401.55 crore from ₹266.66 crore in the preceding year.