Mumbai: Construction major NCC shares are in news during Muhurat Trading 2024 after the company received orders worth over Rs 3000 crore in the month of October 2024. Notably, Rekha Jhunjhnuwala is a stakeholder in the company. The company’s Q2 Results of 2024-25 are expected to be declared soon. The stock gained 27 per cent in the last six months and over 122 p3r cent in the last one year.
In its regulatory filing, NCC “received orders valuing Rs 3496 crores (Excluding GST) in the month of October 2024. Out of these orders Rs 2694 crores relates to Building Division, Rs 538 crores relates to Electrical Division and Rs 274 crores relates to water &other Divisions.”
“These orders are received from state and central Government Agencies and private Limited Company and does not include any internal order,” the filing reads.
In its regulatory filing, the company mentioned that Board of Directors will meet on November 7, 2024 at the Registered Office of the firm for “considering and approving among others the Un-Audited Financial Results (Standalone and Consolidated) of the Company for the Second Quarter and Half year ended September 30, 2024.”
Muhurat trading: Sensex, Nifty rise
Muhurat trading 2024 was conducted for one-hour from 6-7 pm on November 1, 2024. It is a symbolic trading session conducted by stock exchanges on the occasion of Diwali. The session marks the beginning of the new Samvat year. The benchmark BSE Sensex gained nearly 448 points in the early session of special Muhurat trading, while the 50-issue Nifty of the NSE jumped 150.10 points to 24,355.45. During the Samvat year 2080, the BSE Sensex gained 14,484.38 points while the Nifty appreciated 4,780 points.
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