Even though the stock market is a risky business, there is always some share that makes its investors rich. NBCC Limited’s share has done the same amazing thing and the money of those who invested in it has tripled in just one year. Those who have invested in this share, which has become a multibagger stock in the short term, are going to get another gift soon, yes, the company is going to give one share free (Bonus Share) on every 2 shares.
This company is giving Bonus Share
NBCC India Limited is a public sector company and it gave a great news to its shareholders last Saturday. Actually, the company is going to give bonus shares, and the board has also approved its issuance and fixing the record date. Bonus shares will be given to the investors of NBCC in the ratio of 2:1. That is, one stock is absolutely free for every two shares. Its record date has been fixed as 7 October.
NBCC will issue 90 crore shares with a face value of Rs 1 to issue bonus shares, i.e. a total of Rs 90 crore will be spent. Shareholders’ approval will be taken for this in the next AGM. After this, it will be credited by October 31.
Became a multibagger stock within a year
NBCC India’s stock has become a multibagger for its investors in a short time. In the last one year, investors who invested in this stock have got a multibagger return of 234.20 percent. On September 4, 2023, the price of this stock was just Rs 56, which reached the level of Rs 187.15 at the market close on Monday. In this way, if an investor had invested just Rs 1 lakh in NBCC Share a year ago and held it till now, then his amount would have increased to about Rs 3.4 lakh.
Investors got this much return in five years
Amidst the rise in the share, the market cap of the company has also seen a huge jump and it has increased to Rs 33,760 crore. If we look at the performance of the company’s share in the last five years, it has traveled from Rs 35 to Rs 187 and has given a strong return of 423 percent. If we talk about the last six months, then the price of this share has increased by more than 41 percent.
Got a big order of 15000 crores
NBCC India Ltd is a public sector company established in the year 1960 and is mainly involved in construction works. It comes under the Ministry of Housing and Urban Affairs. The business of this company is showing continuous growth year after year and this can be estimated by looking at its order book. The company has many big orders, one of which is the order of Srinagar Development Authority received by NBCC a few days ago, which costs Rs 15000 crore. Under this, NBCC India has to develop a satellite township on 406 acres in Srinagar.
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Source (PTI) (NDTV) (HINDUSTANTIMES)