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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.

NBCC India shares gained 9.58% to Rs 136.65 in the afternoon session today. Shares of NBCC have zoomed 257% in a year and gained 66.46% in 2024.

The multibagger PSU stock rose 4.24% to Rs 147.50 against the previous close of Rs 141.30 on BSE. Market cap of the firm rose to Rs 25,749 crore.

Shares of NBCC (India) surged after weak performance, reaching the 5% upper circuit limit, following a 26.3% decline in value. Investors responded positively to the company's performance in the December quarter, with a 59% improvement in consolidated net profit.

Shares of NBCC Ltd and HUDCO zoomed to their 52-week highs after Finance Minister Nirmala Sitharaman said two crore houses will be built up in the next five years. The FM also announced a housing scheme for the middle class. Shares of government-owned NBCC zoomed 7.41% to a high of Rs 139 against the previous close of Rs 129.40 on BSE.  Similarly, shares of Housing & Urban Development Corporation (HUDCO) touched their 52-week high after the FM's announcement. HUDCO shares zoomed 19.07% to Rs 205.40 in the afternoon session.