NBCC Share Price: State-Run Real Estate Company’s Stock Extends Gaining Spree For Sixth Straight Session - Know Why

NBCC Share: Shares of state-owned real estate sector player NBCC extended gains for the sixth straight session on the NSE on April 17. The stock surged over 4 per cent to hit an intraday high of Rs 99.9 apiece on the NSE. Notably, the stock has rallied nearly 26 per cent in the past six sessions.

NBCC share price gained after the company revised its target of achieving Rs 25,000-crore revenue by a year. According to a report by the Economic Times the company now plans to achieve its revenue target of Rs 25,000 crore by FY29.

The target revision comes on the back of negotiations for redevelopment projects across the country as per the report which cited NBCCC, chairman and managing director, KP Mahadevaswamy.

The report also cited the company’s MD who said that the redevelopment business is expected to make up 50 per cent of the company’s revenue. He added that the company has an order book of Rs 60,000-70,000 crore as of April 2025.

As per the report NBCC plans to follow the Delhi model for its redevelopment projects. As a part of its Delhi model, the state-owned company sold 3.2 million sq ft of commercial space at the World Trade Centre project located in Nauroji Nagar and in Sarojini Nagar Downtown.

Notably, the sales generated Rs 14,800 crore which was then used for the redevelopment of seven colonies in Delhi. The company plans to take up more redevelopment projects and is in talks with the state governments of Goa, Telangana, Jammu & Kashmir and Kerala as per the report.

Earlier in October 2024, the state-owned company informed the exchanges that it had received work orders amounting to Rs. 1,726 crore (appx.) for undertaking redevelopment projects in Goa by the state's government. Notably, the work order was part of a six-phase order for redevelopment projects received from Goa’s government worth Rs 10,000 crore.

NBCC has projected a revenue target of Rs 12,000 crore in revenue in FY 2024-25 (FY26). The company’s consolidated revenue from operations(total income) for FY 2023-24 stood at Rs 10,666 crore and in FY2022-23 the company’s revenue from operations stood at Rs 9083.39 crore.

NBCC Share Price History

In a year shares of NBCC have gained over 19 per cent on the NSE. The state-owned company’s stock has climbed over 7 per cent on a year-to-date basis. In six months, shares of the company have fallen over 8 per cent. In a month the stock has climbed over 26 per cent and in five days the stock has surged over 20 per cent.

At the time of writing, shares of NBCC traded at Rs 99.03 apiece up by 3.37 per cent on the NSE.