Stock Market Today: NBCC share price gained in the intraday trades on Friday despite the stock market crash today, June 13, following an order book update.
NBCC order win details
NBCC India Ltd on Thursday, post the market trading hours, announced receiving a work order in the normal course of business. As per the release by NBCC (India), it has recently been awarded the new work of Navodaya Vidyalaya Samiti. The work is spread across four states, including three North Eastern states of Assam, Manipur, and Arunachal Pradesh, and Telangana.
NBCC India will be taking up the construction work of a permanent campus of two Jawahar Navodaya Vidyalayas in the Lohit, Pakke Kessang, Lower Slang and Lepa Rada Districts of Arunachal Pradesh. The cost of these Jawahar Navodaya Vidyalaya campuses is ₹72.33 crore, ₹66.53 crore, ₹64.75 crore and ₹75.90 crore, respectively.
The other construction work of the permanent campus of Jawahar Navodaya Vidyalaya to be taken up by NBCC India is in Sonitpur, Majuli, and Charai Deo districts of Assam with costs of up to ₹11.08 crore, ₹55.38 crore and ₹55.38 crore, respectively.
In Manipur, NBCC India is taking up the construction work of Jawahar Navodaya Vidyalaya campuses in the district of Noney, costing ₹70.29 crore.
Construction of the campus at Jawahar Navodaya Vidyalaya in District Bhadradri, Kothagudem in Telangana, costing ₹66.85 crore, is also being taken up by NBCC India.
NBCC share price movement
NBCC share price opened at ₹117.80 on the BSE on Friday, slightly lower than the previous day’s closing price of ₹120.70. NBCC India share price thereafter gained to scale intraday highs of ₹121.70 despite the Indian benchmark indices — Sensex and Nifty — trading over 1% lower.
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