NBCC (India) Ltd is making big waves today as its stock surged 4.1% while trading ex-bonus! 🎉 And guess what? They’re about to drop a whopping 90 crore bonus shares in a 1:2 ratio, which means for every 2 shares you own, you get 1 more — for free! Talk about leveling up! 💸✨
The Juicy Deets:
- NBCC Stock’s Glow-Up: Over the past 12 months, NBCC has been absolutely crushing it with a massive 103% surge! To put it in perspective, while Nifty was chillin’ with a decent 28% gain, NBCC was out here doubling investors’ capital like a boss. 🤑
- Bonus Bonanza: The big deal? NBCC’s bonus shares will be credited by October 31, 2024. These new shares come straight from their fat reserves of ₹1,959 crore, so yeah, they’ve got the bag to back it up. 💼💸
- Order Book on Fleek: With an order book of ₹81,300 crore (that’s a LOT), NBCC is totally set to stay on this upward grind. And with a book-to-bill ratio of 7.6x, they’re like, “We got this!” 😎📊
Why NBCC’s the Talk of the Town:
The market is vibing with NBCC, and for good reason. Not only are they getting mad love for their real estate game, but they’ve also bagged some hefty orders this year. So far, they’ve already secured ₹19,800 crore in new deals this year, and it’s just warming up! 🔥 For comparison, last year’s total was ₹23,500 crore, and it’s looking like they’re on track to crush that. 💥
On top of that, NBCC’s out here monetizing real estate like pros. With more PSUs and government bodies trying to cash in on surplus land, NBCC is sitting pretty, ready to capitalize on these major opportunities. 💼🏘️
Why Should You Care?
If you’re looking for a stock that’s got solid potential for growth, NBCC is bringing the heat. From their dope bonus shares to their killer order inflows, this stock is on a roll — and it doesn’t seem to be stopping anytime soon. 📈✨
Nuvama, the market watchers, are super bullish on NBCC too, citing how the realty boom is giving them the fuel to slay. So if you’re into getting those portfolio gains, this might be one to keep your eye on! 👀💰
💡 Final Vibe Check: NBCC is showing no signs of slowing down. Whether you’re holding or thinking about hopping on board, they’re out here making big moves. With their order book stacked and those bonus shares on the way, it’s all about riding that wave! 🌊📈
Stay tuned, fam! NBCC is cooking up something real big. 👏📊