The first order, valued at Rs 200.60 crore, has been secured from Oil India for the construction of a new Oil Hospital in Duliajan, Assam. The project will be executed on a turnkey basis under the Depository Works mode. In addition, HSCC (India), a wholly owned subsidiary of NBCC, has secured a second order worth Rs 98.17 crore. This order, received from the Director of Medical Education and Research (DMER) in Mumbai, Maharashtra, involves the establishment of an E-Library as a unified platform for the students and faculty of 22 Government Medical Colleges and 3 Dental Colleges under the Medical Education Department of Maharashtra. NBCC (India) is in business of operates into three major segments namely project management consultancy, real estate and engineering procurement & construction. The company reported 53.43% jump in consolidated net profit to Rs 122.12 crore on 19.44% rise in revenue from operations to Rs 2,458.73 crore in Q2 FY25 over Q2 FY24. The scrip slipped 1.89% to Rs 95.27 on the BSE. Powered by Capital Market - Live

NBCC (India) has been awarded the work order of Rs 200.60 crore by Oil India for construction of new OIL Hospital Duliajan, Assam on turnkey basis under depository works mode. Powered by Capital Market - Live

The contract entails construction of Eklavya Model residential schools in Chhattaisgarh at different locations i.e. Bastar, Sukma, Dantewada, Narayanpur, Rajnandgaon, Jashpur for Rs 459.60 crore form Department of Tribal and Scheduled Caste, Chhattisgarh. The subsequent order includes construction of permanent building of composite regional centre (CRC) at Jamdoli, Agra Road, Jaipur from Pt. Deen Dayal Upadhyaya National Institute for Persons with Physical Disabilities (PDUNIPPD), New Delhi worth Rs 30 crore. NBCC (India) is in business of operates into three major segments namely project management consultancy, real estate and engineering procurement & construction. The company reported 53.43% jump in consolidated net profit to Rs 122.12 crore on 19.44% rise in revenue from operations to Rs 2,458.73 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

The order entails comprehensive project management consultancy (PMC) services for the construction of a net zero sustainable campus at Central University at Odisha Sunabeda. NBCC (India) is in business and operates into three major segments, namely project management consultancy, real estate, and engineering procurement & construction. The company reported a 53.43% jump in consolidated net profit to Rs 122.12 crore on a 19.44% rise in revenue from operations to Rs 2,458.73 crore in Q2 FY25 over Q2 FY24. The scrip added 0.17% to Rs 103.48 on the BSE. Powered by Capital Market - Live

The contracts include the establishment and operation of Hinduhridaysamrat Balasaheb Thackeray Aapla Dawakhana in Maharashtra for Rs 259.35 crore and the establishment of Radiation Oncology Units (Radiotherapy Units) on a turnkey basis at Districts Jalna, Ratnagiri, Baramati, and Dharashiv in Maharashtra for Rs 340 crore. NBCC (India) is in business and operates into three major segments, namely project management consultancy, real estate, and engineering procurement & construction. The company reported a 53.43% jump in consolidated net profit to Rs 122.12 crore on a 19.44% rise in revenue from operations to Rs 2,458.73 crore in Q2 FY25 over Q2 FY24.Powered by Capital Market - Live

The project involves various construction activities carried out in phases for Motilal Nehru College, New Delhi. NBCC (India) is in business and operates into three major segments, namely project management consultancy, real estate, and engineering procurement & construction. The company reported a 53.43% jump in consolidated net profit to Rs 122.12 crore on a 19.44% rise in revenue from operations to Rs 2,458.73 crore in Q2 FY25 over Q2 FY24. Shares of NBCC (India) rose 0.74% to Rs 99.07 on the BSE.Powered by Capital Market - Live

The key equity barometers traded with small gains in the morning trade. The Nifty traded above the 24,300 level. PSU bank shares continued their upward momentum, extending gains for the fifth consecutive trading session. Trading could be volatile due to the monthly F&O series expiry today. At 10:30 ST, the barometer index, the S&P BSE Sensex, was up 38.87 points or 0.04% to 80,267. The Nifty 50 index rose 30 points or 0.12% to 24,304.5. The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index rose 0.68% and the S&P BSE Small-Cap index added 1.07%. The market breadth was strong. On the BSE, 2,691 shares rose and 909 shares fell. A total of 162 shares were unchanged. Buzzing Index: The Nifty PSU Bank index rose 1.25% to 6,868.75. The index surged 8.70% in the five consecutive trading sessions. Indian Overseas Bank (up 3.17%), Punjab & Sind Bank (up 2.9%), Indian Bank (up 2.49%), UCO Bank (up 2.49%), Bank of India (up 2.44%), Central Bank of India (up 1.65%), Punjab National Bank (up 1.54%), Canara Bank (up 1.49%), State Bank of India (up 1.24%) and Bank of Maharashtra (up 1.13%) added. Stocks in Spotlight: NBCC (India) rallied 4.36% after the company signed a memorandum of understanding (MoU) with Housing & Urban Development Corporation (HUDCO) for the development of a 10-acre institutional plot in Noida Sector 62. KEC International added 2.84% after the company announced that it has secured a prestigious turnkey order worth Rs 1,704 crore in its Transmission & Distribution (T&D) business from Power Grid Corporation of India (PGCIL). Sonata Software rose 1.02% after the company said that it has secured a multi-million dollar modernization deal with a global leader in access solutions to standardize the client's APAC business processes across 13 countries. Powered by Capital Market - Live

NBCC (India) rallied 4.46% to Rs 100 and Housing & Urban Development Corporation (HUDCO) jumped 3.97% to Rs 229.35 on the BSE. HUDCO on the said land intends to create an institutional complex with world class amenities which is likely to have 8.71 Lakh sq ft. of built-up area with a mix of office space, studio apartments, conference space and retail & common facilities. NBCC will undertake the execution of the said project with the scope of concept-to-commissioning. The project has an estimated cost of Rs 600 crore. NBCC (India) is in business and operates into three major segments, namely project management consultancy, real estate, and engineering procurement & construction. Housing & Urban Development Corporation (HUDCO) is a policy institution that provides housing finance and non-commercial urban infrastructure financing. The company's key mission is to support the construction of affordable housing for lower-income households and the development of non-commercial urban infrastructure (including water supply, road and transport, power, and commercial infrastructure). HUDCO conducts its business by balancing profitability with its social mandate.Powered by Capital Market - Live

The project involves the upgradation of primary school hostels (PSH) under the state sector scheme at various locations across the state of Odisha. NBCC (India) is in business and operates into three major segments, namely project management consultancy, real estate, and engineering procurement & construction. The company reported a 53.43% jump in consolidated net profit to Rs 122.12 crore on a 19.44% rise in revenue from operations to Rs 2,458.73 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

The domestic equity benchmarks traded with major losses in mid-morning trade. The Nifty dropped below the 23,350 mark. Metal shares extended losses for the second consecutive trading session. Trading could be volatile due to weekly F&O series expiry today. At 11:26 IST, the barometer index, the S&P BSE Sensex declined 520.63 points or 0.67% to 77,057.75. The Nifty 50 index lost 185.60 points or 0.79% to 23,332.90. The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index shed 0.20% and the S&P BSE Small-Cap index fell 0.57%. The market breadth was weak. On the BSE, 1,089 shares rose and 2,685 shares fell. A total of 141 shares were unchanged. IPO Update: The initial public offer (IPO) of NTPC Green Energy received bids for 28,19,36,760 shares as against 59,31,67,575 shares on offer, according to stock exchange data at 11:15 IST on 21 November 2024. The issue was subscribed 0.48 times. The issue opened for bidding on 19 November 2024 and it will close on 22 November 2024. The price band of the IPO is fixed between Rs 102 to Rs 108 per share. An investor can bid for a minimum of 138 equity shares and in multiples thereof. Buzzing Index: The Nifty Metal index dropped 2.05% to 8,737.70. The index dropped 2.87% in two consecutive trading sessions. Adani Enterprises (down 22.26%), Jindal Stainless (down 3.94%), APL Apollo Tubes (down 1.16%), NMDC (down 0.98%), Welspun Corp (down 0.82%), Hindustan Zinc (down 0.58%), JSW Steel (down 0.46%), Hindustan Copper (down 0.38%), Vedanta (down 0.33%) and Steel Authority of India (down 0.09%) declined. On the other hand, National Aluminium Company (up 3.85%), Ratnamani Metals & Tubes (up 2.62%) and Hindalco Industries (up 1.35%) edged higher. Stocks in Spotlight: NBCC (India) slipped 1.79%. The company said that it has bagged a contract worth Rs 202 crore from Rajasthan State Industrial Development & Investment Corporation (RIICO). Bharat Global Developers was locked in upper circuit of 5% after the company's Dubai based wholly-owned subsidiary received orders for processing and supplying worth Rs 251 crore. Global Markets: Asian stocks traded mixed on Thursday, dampened by mixed signals from Nvidia's earnings report and heightened geopolitical tensions. Investors remained cautious, with concerns over Russia-Ukraine conflict weighing on sentiment. U.S. stocks closed mixed on Wednesday, with Target's disappointing earnings and Nvidia's tempered guidance impacting investor sentiment. While the Dow Jones Industrial Average gained 0.32%, the S&P 500 index ended flat%, and the NASDAQ Composite index fell 0.11%. Investors were rattled by a nearly 22% slide in Target after the retailer missed expectations for its September quarter earnings. Target steadied in evening trade, although its earnings also raised some questions over weakening retail spending. Nvidia shares fell more than 1% in aftermarket trade to around $144.0, trimming some losses after falling as much as 2% just after its earnings. Earnings per share rose to $0.81 on revenue of $35.1 billion, higher than expectations of $0.75 in EPS and $33.09 billion in revenue. Nvidia's quarterly results, while exceeding expectations, fell short of some analysts' hopes for a more significant beat. The company's guidance for the fourth quarter, though slightly above estimates, hinted at a slower pace of revenue growth, raising questions about the sustainability of AI-driven demand. This cautious outlook tempered investor enthusiasm and contributed to the broader market's subdued performance. Market participants are now focused on a series of U.S. economic indicators, including jobless claims, home sales data, and the Purchasing Managers' Index (PMI). Additionally, several Federal Reserve officials are scheduled to speak, providing insights into the central bank's monetary policy outlook. Powered by Capital Market - Live