NCC Limited | Stock Market Updates

Shares of NCC rise on securing new order worth Rs 3,086 crore, details inside

NCC secured nearly Rs 26,000 crore of orders in FY23-24, hitting its target and showcasing its ability to capitalize on market opportunities.

About Order

NCC Limited, a leading engineering and construction company in India, has concluded FY24 on a high note. The company announced securing new orders worth a staggering Rs 3,086 crore (excluding GST) in March 2024. This significant order inflow further strengthens NCC’s order book and bolsters its growth trajectory.

The new orders showcase NCC’s strong presence across various segments Rs 1,589 crore pertains to the Electrical division, indicating a growing demand for its electrical and railway infrastructure projects. Additionally, the Transportation division secured orders worth Rs 1,330 crore, while the Building division bagged projects valued at Rs 167 crore. These orders originate from state government entities and private limited companies, demonstrating NCC’s diverse client base.

This impressive order inflow comes on the heels of NCC achieving its guidance for FY24. The company secured a total of around Rs 26,000 crore worth of orders throughout the year, demonstrating its ability to meet its targets and capitalize on market opportunities.

NCC’s robust order book positions the company for sustained growth in the coming financial year. With a diversified portfolio and strong execution capabilities, NCC is well-positioned to capitalize on India’s growing infrastructure sector.

Share Price Movement

NCC Limited (NCC), a company in the Civil Construction industry, is experiencing a positive day on the stock market. Today, the share price is trading at Rs 239.45, reflecting a gain of Rs 7.05 (or 3.03%) compared to the previous close of Rs 232.40. Looking at the day’s trading activity, the stock opened at Rs 237.00, reached a high of Rs 242.55, and dipped to a low of Rs 236.60.

It’s important to note the context of the 52-week range, where the current price sits closer to the high of Rs 267.45 compared to the low of Rs 99.55. The stock also has defined upper and lower price bands of Rs 278.85 (20% above current price) and Rs 185.95 (20% below current price), respectively. The market capitalization of NCC Limited is currently estimated at Rs 15,146.80 crore.

About Company

NCC Limited, a partnership firm established in 1978, was converted into a limited company in 1990 and listed on the stock exchanges in India in 1992. The Group, including subsidiaries and associates, is involved in the infrastructure sector, undertaking turnkey EPC contracts and BOT projects on a Public-Private Partnership basis. The company’s verticals include Buildings & Housing, Roads, Railways, Mining, Water & Environment, Irrigation, Power, Electrical, Metals, Oil & Gas, and International business. The company’s business area includes civil construction in various sectors.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.