NCC share price will remain in focus after the company received two orders from Bharat Sanchar Nigam Limited (BSNL) of Rs 10804.56 crore.
At 09:20am, NCC was quoting at Rs 212.65, up Rs 8.20, or 4.01 percent, on the BSE.
" ...... has received two advance work orders from Bharat Sanchar Nigam Limited (BSNL) for design, supply, construction, installation, upgradation, operation and maintenance of middle mile network of BharatNet, in Uttarakhand Telecom Circle (against Package No.- 05) and Madhya Pradesh, DNH & DD Telecom Circles," company said in its press release.
The company received order worth Rs 2647.12 Crores for design, supply, construction, installation, upgradation, operation and maintenance of middle mile network of BharatNet, in Uttarakhand Telecom Circle and same order worth Rs 8157.44 crore in Madhya Pradesh, DNH & DD Telecom Circles.
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Last week, the company has received Letter of Acceptance (LoA) of Rs 1480.34 crore from Bihar Medical Services & Infrastructure Corporation for redevelopment of Darbhanga Medical College & Hospital at Laheriasarai, Darbhanga.
Also on March 19, the company received LoA from Andhra Pradesh Capital Region Development Authority for construction of roads, drains, water supply, sewage, utility ducts for power and ICT, reuse waterline and avenue plantation etc. at Zone-12 villages area in Amaravati Capital City, Andhra Pradesh.
Research house ICICI Securities has initiated buy rating on NCC with a target price of Rs 239.
The share touched a 52-week high of Rs 364.50 and a 52-week low of Rs 169.95 on 31 July, 2024 and 03 March, 2025, respectively.
Currently, the stock is trading 41.66 percent below its 52-week high and 25.13 percent above its 52-week low.
Market capitalisation stands at Rs 13,351.16 crore.
The share price declined more than 25 percent in the last 3 months.
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