Jhunjhunwala-Backed Small-Cap Infra Stock Fetches 1,600% Returns From Pandemic Lows

Shares of NCC continued to recover for the third straight session on Friday, going up over 6% to hit a new 52-week high of ₹333.35.

The Investment: The stock has been on an incredible bull run over the past year. Just in the last six months, the stock has surged up over 86%. This is a huge surge from the lows it saw during the pandemic. The stock had been trading at around ₹18 levels in March 2020. Since then the stock has surged up over 1,600%

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On Wednesday, global brokerage firm CLSA highlighted NCC as one of its top picks. The brokerage said that companies like NCC, which operate primarily in the construction and infrastructure space, are well-positioned to capitalise on the anticipated increase in government spending on infrastructure projects.

The construction company's net profit increased by 25.2% to ₹239.2 crore in the March quarter, up from ₹191 crore in the same quarter last year. The Rekha Jhunjhunwala-backed company's revenue saw an increase of 31%, rising to ₹6,485 crore from ₹4,949 crore in the corresponding quarter of last year. She owns around 11% shares of the company.

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