NBCC shares surged 3% to Rs 126 following a settlement with the Delhi government over a 42.46-acre land parcel, granting the PSU development rights. This resolution, coupled with recent approvals for infrastructure projects at Mumbai Port, has boosted investor confidence. The stock is up over 8% in two sessions and 34% year-to-date.
Patchy rains may hit rural lending, banks stay cautious
Bankers are closely watching monsoon rains and their impact on rural credit. Uneven rainfall poses inflation risks for summer crops and rural incomes. A strong