NBCC rose 5% to an intraday high at Rs.48.55, less than Rs.10 short of its 20% UC of the day at Rs.55.55. Its 52-week high is at Rs.59.80.
The market is happy about its receipt of new order as an EPC Contractor for construction of 2000 social housing at Hulhumale, Male, Maldives.
The total cost of the project is $130 Million or approximately 969 crore.
NBCC is a Navratna PSU, under the ownership of Ministry of Housing and Urban Affairs.