NBCC India Shares Plummet 30% on Mobile Trading Apps: What's Behind the Drop

NBCC India shares turned ex-bonus, with a 1:2 ratio—meaning investors will receive one bonus share for every two shares they already own.

This development has led to an increase in the total number of outstanding shares, which in turn has caused a drop in the NBCC India stock price. However, post-adjustment of the NBCC India bonus, shares were trading at ₹117.25 on the BSE, reflecting a gain of 3.99%.

NBCC India bonus share date: Update

A bonus issue typically enhances a stock’s liquidity by making shares more affordable for investors. For NBCC, the newly issued shares are expected to be credited to shareholders by October 31, following the approval process two months ago.

It's important to note that some trading platforms may still show the unadjusted share price, creating a misleading impression of a 30% decline. This drop is purely technical, as the issuance of bonus shares does not alter the overall value of an investor’s holdings.

As a government-owned company, NBCC India has issued a substantial 90 crore bonus share. The firm has demonstrated impressive growth, with its share price surging by 109% in 2024 and 192% over the previous year. Recent successes include securing a ₹47 crore project from SIDBI and a ₹101 crore consulting contract with the National Highways Authority of India, both contributing positively to its growth trajectory.

Analysts view the company favourably, highlighting strong order accretion and a robust order book of ₹81,300 crore, indicating further expansion ahead.