NCC share price jumped over 5 percent intraday on June 2 after Aditya Birla Sun Life Insurance Company bought 40,00,000 shares at Rs 25.92 per share on NSE.
The stock price has jumped over 25 percent in the last three days and was quoting at Rs 26.90, up Rs 1.30, or 5.08 percent. It was also one of the most active stocks on NSE in terms of volumes with 1,91,68,016 shares being traded at 10:00 hours.
The company in a filing to the exchanges said that it has received four new orders for Rs 1,136 crore (exclusive of GST) in the month of May 2020. Out of this, two orders totalling to Rs 993 crore pertain to Water Division and two orders totalling to Rs 143 crore pertains to Building Division.
These orders are received from State Government agencies and do not include any internal orders, the company added.
According to Moneycontrol SWOT Analysis powered by Trendlyne, NCC has to decrease zero promoter pledge with book value per share improving for the last two years. The company has been effectively using its capital to generate profit - RoCE improving in last 2 years.
Moneycontrol technical rating is bullish with technical indicators and moving averages being bullish.
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