Rekha Rakesh Jhunjhunwala's stake in this construction company is now over ₹2,000 crore

NSE

Shares of NCC Ltd., the Hyderabad-based construction company hit a record high of ₹313 in today's trading session, having gained as much as 9%. With Monday's surge, the stock has surged nearly 85% so far in 2024.NCC is one of the major holdings in the portfolio of veteran investor late Rakesh Jhunjhunwala, which is now owned by his wife Rekha Rakesh Jhunjhunwala.As of the March quarter, Rekha Rakesh Jhunjhunwala held a 10.64% stake in NCC. However, that stake was lower than the 11.24% stake she owned at the end of the December quarter.At the highest point of the day, Rekha Rakesh Jhunjhunwala's stake in NCC is valued at over ₹2,000 crore.Shares of NCC had risen 29% in the month of January, followed by a 15% surge in February. March is the only month in 2024 so far in which the stock has underperformed, having declined 6%. Shares rose 4% in April and added another 18% in May.In 2023, NCC shares had risen 99%, which means the stock has already risen nearly by the same quantum at which it did in 2023. Shares have delivered positive annual returns every year since 2020.NCC had recently declared a dividend of ₹2.2 per share along with its March quarter results.For the March quarter, NCC's revenue increased by 31% from last year to ₹6,484.9 crore. Earnings Before Intereest, Tax, Depreciation and Amortisation (EBITDA) increased by 18%. However, EBITDA margin narrowed by 90 basis points to 8.5%.For the current financial year, NCC expects order inflows to range between ₹20,000 crore to ₹22,000 crore, revenue growth of 15% and EBITDA margin to range between 9.5% and 10%.Shares of NCC are currently trading 7.7% higher at ₹309.05. The stock has risen 150% in the last 12 months.