NBCC Stock Climbs on Strong Greater Noida Sales, Exceeding ₹2,650 Crore

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C (India) Ltd. experienced a notable surge, climbing nearly 2% to close at ₹89 apiece on Friday, following the company's announcement of substantial sales in its Greater Noida projects. This positive market reaction was driven by the company's successful e-auctions of residential units, demonstrating strong demand for its properties. NBCC, a Navratna public sector enterprise, revealed in an exchange filing on April 11th that it had successfully sold 560 residential units at Aspire Leisure Park in Greater Noida. The total sales value from this e-auction amounted to over ₹1,153 crore. Importantly, NBCC will earn a marketing fee of 1% on the total sale value, contributing to its revenue stream. This announcement followed a previous disclosure made after market hours on April 9th, where NBCC reported the sale of 1,185 residential units at Phase III of Aspire Dream Valley, also in Greater Noida. This e-auction generated a total sales value of approximately ₹1,504.69 crore. Combined, these two sales events have generated over ₹2,650 crore for the company.