Tuesday, December 5th, 2023

Multibagger Stock: This stock made investors rich, gave a bumper return of more than 120% in one year

Mumbai: The shares of NCC Limited, a company in the civil construction sector, have made investors rich. In the last one year, the company has given more than 120 per cent return to the investors. NCC Ltd. shares have given multibagger returns to the investors. The company’s shares have increased from Rs 58.20 on July 13, 2022 to Rs 132.85 on July 12, 2023. There has been an increase of about 130% in the holding period of one year. If one had invested Rs 1 lakh in the shares of this company a year back, today it would have been Rs 2.30 lakh. Recently, NCC Limited has received new orders for June 2023 worth Rs 2,055 crore. These orders include two orders worth Rs 1,335 crore related to the Building Division and one order worth Rs 720 crore related to the Electrical Division.

In the most recent quarter, the company’s revenue for Q4FY23 stood at Rs.4949.03 Crore. It has increased by 42.32% on an annual basis. The operating profit of the company has been Rs 496.94 crore. While the company’s PAT has been Rs 197.14 crore.

NCC Limited is engaged in the business of civil construction in sectors such as building, water, road, irrigation, power, electricity, railway, metal and mining. The shares of NCC Limited are witnessing a steady rise. The stock is currently trading at Rs 131.90, down 2.91%. The stock has a 52-week high of Rs 136.85 and a 52-week low of Rs 55.60. Investors can include this stock in their portfolio to earn profits.

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This article is powered by Dalal Street Investment Journal, India’s No. 1 Investment Magazine. Click here to get regular updates about Winning Stocks and Recommendations.

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