NBCC shares surge 12% after receiving Rs 15,000 crore work order for Srinagar satellite township

NBCC shares rose by almost 12% following a Rs 15,000 crore work order from the Srinagar Development Authority for a 406-acre satellite township project. The company also posted strong financial results with a 24.6% increase in net profit and a 43% hike in revenue for Q4 FY24, boosting market sentiment.