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Stock Market Today: NBCC share price gained 7% during the intraday trades `post Q4 Results, Dividend Announcement. Do You Own?

On Thursday, May 29, after the market hours, state-owned and Navratna PSU NBCC (India) Ltd. announced a 29.4% YoY jump in net profit for the fourth quarter that ended on March 31, 2025, from Rs136.08 crore in Q4FY24 to ₹1725.91 crore in Q4FY25.

Revenue from operations reported by NBCC India during the January- March 2025 crore increase over 16% to ₹4,642.55 crore compared to ₹3,996.31 crore in the year ago January- March 2024 quarter.

The Earnings before Interest Tax Depreciation and amortisation or EBITDA increased slightly more than 19% year over year to around ₹290 crore from ₹243.2 crore during the year ago quarter. The EBITDA margin was 6.25%, down from 6.09% during the same time period in the prior fiscal year.

Subject to shareholder approval at the next Annual General Meeting, the Board of Directors of NBCC recommended a final dividend for FY 2024–2025 at 14%, or Rs. 0.14 /- each paid-up equity share of Rs. 1/-each (subject to TDS deduction).

If a final dividend is approved at the AGM, it will be paid out within 30 days after the declaration date, said the company

The NBCC share price has recently witnessed a breakout from a Head & Shoulders pattern on the daily timeframe, supported by a notable surge in trading volumes, said Sudeep Shah, Deputy Vice President, Head of Technical & Derivatives Research (Equity) at Sbi Securities.

This technical development indicates a shift in sentiment and suggests the potential for further upside. Furthermore, the stock is currently trading comfortably above both its short-term and long-term moving averages, which is a strong bullish sign and reflects sustained buying interest. The daily RSI is also positioned in bullish territory, highlighting the underlying strength in momentum. Collectively, these factors point to a positive outlook for the stock in the near term, said Shah.

As per the measure rule of Head & Shoulders pattern, the upside target is placed at ₹126, followed by ₹136 in the short-term. While, on the downside, the zone of ₹110-109 is likely to provide the cushion in case of any immediate decline, added Shah

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

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