Bengaluru, Oct. 30 -- This PSU Navaratna Stock, engaged in project management consultancy, engineering procurement and construction, and real estate development services, jumped 3 percent after receiving new work orders worth Rs. 79.11 crore from the Institute of Chartered Accountants of India (ICAI).

With a market capitalization of Rs. 31,671 crores, the share of NBCC (India) Limited has reached an intraday high of Rs. 118.35 per equity share, rising nearly 2.69 percent from its previous day's close price of Rs. 115.25. Since then, the stock has retreated and is currently trading at Rs. 117.30 per equity share.

Reason Behind the Surge

NBCC (India) Limited has received new work orders worth approximately Rs. 79.11 crore from the Instit...