New Delhi: State-owned property consultancy NBCC’s share price rose 15.22 per cent to Rs 204.80 apiece on Wednesday at the time of writing after the company on Tuesday announced that its board will meet on August 31, 2024, to consider a bonus share issue. The company last issued bonus shares in the 1:2 ratio in 2017.
The board will meet to “consider the proposal for issue of Bonus Shares to the equity shareholders of the company in the ratio, as it may deem fit by way of capitalization of reserves, subject to the shareholder’s approval,” said the company in an exchange filing.
NBCC share price: Expert view
NBCC share price history
NBCC’s share price has risen by over 11 per cent in the past 5 days. The state-owned company’s share price rose by nearly 10 per cent in the past month. Over the past 6 months, the company’s stock has gained over 56 per cent value. NBCC India’s share price surged over 305 per cent in the past year.
NBCC’s share price closed at Rs 177.65 apiece on Tuesday. The company’s shares opened at Rs 187 apiece on Wednesday before climbing to a 52-week high of Rs 209.75 apiece. The stock hit a low of Rs 186.35 apiece. NBCC’s market cap stood at Rs 37,215 crore as of 1:28 pm on Wednesday.
NBCC also notified the closure of the trading window on August 28, 2024 and will remain so until 48 hours after the board meeting, according to the exchange filing.
NBCC share price today: NBCC India’s stock price surged over 15 per cent on Wednesday after making a key announcement. Here’s why the stock has gained momentum. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
