PSU NEWS
NBCC shares surges amid construction plan for Supertech buyers
According to a report, NBCC has set a target of building 26,000 flats in the first phase. These include 7 projects spread across Noida and Greater Noida.
NBCC (India) shares surged after the PSU major announced a proposed three-year construction plan to reassure thousands of homebuyers of 17 Supertech projects. The plan aims to complete 50,000 apartments currently managed by an insolvency professional.
The Navratna PSU stock ended 2.74% lower at Rs 173.80 on Monday. Shares of NBCC have zoomed 191.66% in a year and gained 112% in 2024. However, the multi-bagger stock saw high volatility with a beta of 1.5 in the last year.
According to a report, NBCC has set a target of building 26,000 flats in the first phase. These include 7 projects spread across Noida and Greater Noida.
Read Also : Bank of Baroda - India’s second largest public bank, adopts ‘Make in India’ Switches to upgrade its banking infraNews Must Read
- Garden Reach Shipbuilders receives LoA from Government of West Bengal
- Bank of Baroda Q2 business update: Domestic deposits up by 7%, global business expands 10.23%
- NTPC Unchahar Head of Project Conquers Everest Base Camp
- PM Narendra Modi inaugurates GAIL’s CBG Plant in Ranchi
- SBI to add 600 branches in its network during FY25: Chairman C S Setty
- Power Grid signs SHA with RVPN to form JV in Rajasthan
- NHPC CMD highlights critical importance of dams in India's water management
- NTPC Mining delivers stellar performance in Half Yearly of FY2024-25
- HAL Delivers First AL-31FP Aero Engine to IAF Under New Contract
- HAL’s Advanced Light Helicopter all set for ONGC Offshore Missions