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NCC stock gains after order win

The company has received three new orders totaling to Rs1,276.9cr (exclusive of GST) in the month of April, 2018.
NCC stock gained 3% after the company received three new orders totaling to Rs1,276.9cr (exclusive of GST) in the month of April, 2018. These three orders pertain to Electrical Division. The stock is currently trading at Rs132.30, up by Rs3.8 or 2.96% from its previous closing of Rs128.50 on the BSE.

The scrip opened at Rs128.70 and has touched a high and low of Rs134.65 and Rs128 respectively.

NCC has a pan India presence with offices across 13 cities in key states. Building & housing formed 50%, water & environment 15%, irrigation 8%, electrical 5%, roads 13% and other segments (mining, railways, power, oil & gas, metals) formed 9% of Q3FY18 order book. The company’s order book was worth Rs23,438cr as of February 2018.