National Building’s Construction Company (NBCC) is an Indian state-owned company that was established in 1960. The company is based in New Delhi and has 31 regional offices across the country. NBCC is a Navaratnam Company. It operates in three segments: PMC, EPC, and real estate development. In real estate, NBCC is involved in building apartments and townships for urban poor and the underprivileged. NBCC is also involved in building commercial projects like office buildings and shopping malls. Recently, NBCC share prices have risen after the Hon’ble Finance Minister of India announced to push forward a scheme to construct two crore residential homes in the next five years. This resulted in a slight rise in the stock of NBCC on the NSE. However, NBCC share price dropped after the announcement. In this article, we are going to discuss the different market scenarios for NBCC share price target 2025 to2030.
NBCC Latest News
The stock of NBCC Ltd. (NSE: NBCC) has been trending down for the past few days, which may be attributed to the company’s stock profit booking. NBCC’s stock price has risen from Rs 87.20 to $1.65 in a period of two weeks, which is from NBCC share price target 2024. NBCC Ltd. recently reported its third-quarter financial results for FY24, with an Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of Rs. 117.7 crore, which is a year-on-year increase of 23%.
NBCC share price target 2025has it has won a contract for the construction of a mixed-use commercial-cum-residential project in the city of Kochi, Kerala. The project, which NBCC claims is self-sustaining, will be constructed on a 17.9-academy plot of land donated by the Kerala state housing board at Marine Drive in Kochi. In a statement, NBCC stated that it has won the contract for the project, which is estimated to be worth Rs 98 crore.
The National Buildings Construction Corporation (NBCC) has announced that it
Points to consider before investing in NBCC NSE Stock
NBCC’s stock has been moving in a positive direction on the exchange, however, it has seen a slight dip after a positive rally of 93% in the two weeks from NBCC share price target 2026. This dip may be attributed to a profit booking. During the annual budget presentation of the union for 2024, Honorable Finance Minister announced two crore new residential homes within five years, which will further increase the chances of NBCC’s stock on the exchange in the near future. In December of last year NBCC Limited got eight new orders, according to the company’s exchange filing. The company has secured a large contract of Rs 1500 crore for the construction of 1469 warehouses, as well as Agri infrastructure, which will make it the largest grain storage scheme in the cooperatives sector. According to the company’s Financial statement for the second quarter of NBCC share price target 2027, NBCC Ltd net profit was Rs 82 crore, whereas the first quarter was Rs 77 crore. NBCC Ltd revenue showed a slight increase.
Conclusion
In the past year, NBCC stock price has increased by 276% at the NSE, but it has only increased by 160% NBCC share price target 2028. This indicates that NBCC share price has been volatile and subject to market fluctuations and government policy measures. NBCC is involved in residential and commercial real estate development, and the recent interim Union budget of India’s announcement to construct affordable homes in the next few years has made NBCC stock a sought-after investment. In the past one month, i.e. from 15h January to August 14, 2023, NBCC shares have risen by 42% on the NSE and by 175% since that date.