NBCC India shares rise 6% in early deals; here's why
Shares of NBCC India rose over 6% in early deals today after the govt-owned civil construction firm said the company has accorded the in-principle approval for incorporation of a wholly owned subsidiary company in Dubai (UAE) subject to the approval of its administrative ministry i.e. Ministry of Housing and Urban Affairs (MoHUA). The Navratna PSU stock gained 6.20% to Rs 144.70 today. Shares of NBCC have zoomed 265.90% in a year and gained 123% in six months. However, the multibagger stock saw high volatility with a beta of 1.1 in the last one year.
Source: businesstoday.in
