NBCC share price surged over 6% today, the stock making higher highs after a strong opening.
As of 2:12 PM (IST) on May 12, NBCC’s stock was trading at ₹98.10 on the National Stock Exchange (NSE), marking a rise of ₹5.88 or 6.38% from its previous close of ₹92.22. The stock opened at ₹95.99 and reached an intraday high of ₹98.20, driven by strong buying interest.
Monday, May 12, 2025, Status of Major Indices
On Monday, May 12, 2025, at around 2:25 PM, the BSE Sensex rose by 2849.47 points, or 3.59 percent, to 82,303.94 compared to the previous close of 79,454.47. The Nifty 50 Index has risen by 882.60 points, or 3.68 percent, to 24,890.60. Meanwhile, the Nifty Midcap 100 Index rose by 2125.45 points, or 3.99 percent, to 55,348.80.
| Description | Figures |
|---|---|
| Today’s Close | ₹99.60 |
| Previous Close | ₹92.22 |
| Today’s Open | ₹95.99 |
| Today’s High | ₹100.24 |
| Today’s Low | ₹95.12 |
| VWAP (Volume Weighted Average Price) | ₹98.17 |
NBCC Market Cap and Valuation
- Market Cap: ₹26,489.70 Crore
- Free Float Market Cap: ₹10,124.15 Crore
- Face Value: ₹1
- P/E Ratio: 48.27
- Major Order Wins: NBCC recently won major contracts, including a ₹1,600 crore redevelopment project with MTNL in New Delhi and multiple redevelopment projects in Goa worth ₹1,726 crore.
- Strong Order Book: The company’s order book exceeds ₹81,300 crore, indicating strong revenue visibility and consistent business growth.
- Government Infrastructure Push: As a Navratna PSU under the Ministry of Housing and Urban Affairs, NBCC benefits from government initiatives such as the Smart Cities Mission and AMRUT, which open up new project opportunities.
- Positive Market Sentiment: Strong investor interest has boosted the stock price.
NBCC’s Major Projects and State Partnerships
NBCC has recently signed a series of MoUs and project deals, which are expected to significantly boost its revenues and project pipeline.
- Goa Government Projects: The Goa government has awarded redevelopment projects worth ₹10,000 crore, which will be completed without central budgetary support.
- Discussions Ongoing: Ongoing discussions with governments in Telangana, Kerala, and Jammu & Kashmir regarding self-sustainable urban projects.
- New Infrastructure Assignments: Commercial complexes, judicial buildings, and institutional townships are under consideration.
Technical Levels to Watch
- Immediate Support: ₹95.12 (Strong buying interest above this level)
- Immediate Resistance: ₹102 (A breakout above this could lead to further rally)
- Current Momentum: Bullish above ₹95.
Disclaimer
This article is for educational purposes only. It is not a stock recommendation and should not be treated as such. Please ask your financial advisor before making any investment decision.
Also Read: NBCC Share Price Target 2025 to 2050.
