Shares of NBCC (India) Ltd jumped 3% on Friday after the company announced the successful sale of 1,185 residential units at Aspire Dream Valley, Phase-III, Greater Noida, through an e-auction. The total sale value stood at approximately ₹1,504.69 crore, marking a significant boost in the company’s real estate activities.
As part of the transaction, NBCC will earn a 1% marketing fee, amounting to around ₹15.05 crore. The company clarified that this sale was conducted in the ordinary course of business, underlining its role as a project management consultant and marketing agent for real estate assets.
NBCC shares opened at ₹89.00, reaching a high of ₹90.20 and a low of ₹88.20 during the day. The stock remains below its 52-week high of ₹139.83 but is trading above its 52-week low of ₹70.80.
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