NCC Shares Rise Over 2% After Securing Rs 2,327 Crore in Orders for September

NCC Shares Rise Over 2% After Securing Rs 2,327 Crore in Orders for September

Shares of NCC Ltd gained more than 2 percent on October 1 after the company announced it had secured orders worth Rs 2,327 crore in September 2024.

In a regulatory filing, NCC stated that the orders span multiple sectors, with Rs 1,417 crore for its transportation division, Rs 520 crore for electrical projects, and Rs 390 crore for building projects. The contracts were awarded by state government agencies and private firms.

Shares of NCC traded 2% higher at Rs 308.3 on the NSE at 10:35 am. The company’s market cap stands at around Rs 19,900 crore. NCC stock touched a 52-week high of Rs 364.50 and a low of Rs 136.55. The company operates in a host of sectors including road construction, irrigation, electrical works, and railways.

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Source: Moneycontrol

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