Supreme Court order came on Amrapali Group; know which share will gain momentum.

Supreme Court order came on Amrapali Group; know which share will gain momentum.

SC has ordered the completion of incomplete projects of Amrapali Group.

In the case of Amrapali Group, the SC yesterday ordered that JP Associates cannot bid for Jaypee Infratech's assets but only NBCC and Surakhsha Realty will submit the revised bids. After this, NBCC shares are expected to rise. Therefore, this stock on CNBC-Awaaz is also today's jackpot share in which investors have been advised to buy this share.

The stock of NBCC is currently trading at a level of 69 to 45 per cent. It saw 140+ levels in the year 2017, now it is trading below 75 from there. The company makes commercial, residential real estate projects. Projects are underway at Naoroji Nagar, Okhla, Kidwai Nagar in Delhi.

The company had revenue of Rs 7250 crore in FY 2019, while the company's PBT was Rs 560 crore.

Significantly, the SC has ordered the completion of incomplete projects of Amrapali Group. The SC decision concerned investors to run out of cash. The company made it clear that it would not make any investment. In this, the court will arrange 8 percent project management consultancy margin.

It was earlier delayed in starting the company's redevelopment projects. Redevelopment projects were stuck in the environment and other clearances, but now the court is constantly getting judgments in favor of the company, which will start the company's projects and its shares will also gain momentum.

NBCC has an order book of around 85000 crores till the end of Q1-20. At present, orders are underway for orders worth 35000 crores. Most importantly, the company was announced fulltime chairman and MD last month and P K Gupta of RITES became the company's fulltime chairman and MD.