The shares of NBCC (India) Limited have seen an impressive surge of 292.47% in the past year and 144% in 2024. The company's market capitalization also hit a record high of Rs 35,982 crore. The announcement of the proposal for bonus shares and recent order wins in the healthcare and construction sectors have further boosted investor confidence in the company's growth potential. Technical indicators for NBCC's stock suggest a positive trend with the company's share price trading above its key moving averages and an RSI indicating neither overbought nor oversold levels. This development puts NBCC in a strong position for future growth and expansion.
After nearly 4 years, NBCC (India) has announced that its board will meet to consider a proposal for bonus shares. This news has lead to an increase in the company's share price, with strong buying pushing it towards its all-time high. This potential bonus issue will be the first for NBCC since 2017, when it declared a 1:2 bonus issue for shareholders.