NCC shares rise over 2% as company bags orders worth Rs 2,327 cr in September

NCC shares rise over 2% as company bags orders worth Rs 2,327 cr in September

Shares of construction company NCC Ltd rose over 2 percent on October 1 as the company said its bagged orders worth Rs 2,327 crore in September.

"NCC Limited has received orders valuing Rs 2,327 crores (excluding GST) in the month of September 2024. Out of these orders, Rs 1,417 crore relates to transportation division, Rs 520 crore relates to electrical division and Rs 390 crore relates to building division. These orders are received from State Government Agencies and Private Limited Company and does not include any internal order," said the company in a stock exchange filing.

At 10:35 am on October, NCC's shares on NSE were trading 2 percent higher at Rs 308.3 apiece.

The company is involved in a diverse range of sectors including road construction, building projects, irrigation, water and environmental services, electrical works, metals, mining, and railways.

The market capitalisation of NCC is nearly Rs 19,900 crore, according to Bombay Stock Exchange (BSE). The 52-week high of NCC stock is Rs 364.50 while its 52-week low is Rs 136.55 per share.