NCC Stock Surges 6%, Outperforms Market Amid Volatility, Secures ₹424 Crore Order

NCC’s stock surged 6%, outperforming the broader market and the BSE Realty index. The company secured a ₹424.79 crore order, bringing its order book to ₹52,370 crore. Despite recent volatility, NCC’s strong financial performance and significant order growth signal positive momentum.

CONTENTS:

• NCC Surges 6%; BSE REALTY Index Rises 0.3%
• NCC Ltd. Bags ₹424.79 Crore Order, Strong Order Book of ₹52,370 Crore
• NCC Stock Rebounds Amid Market Volatility, Suggesting Possible Trend Shift

NCC Stock Surges 6%, Outperforms Market Amid Volatility, Secures ₹424 Crore Order

NCC Surges 6%; BSE REALTY Index Rises 0.3%

NCC Stock Surges 6%, Outperforms Market Amid Volatility NCC’s share price has jumped 6%, currently trading at ₹231. Meanwhile, the BSE REALTY index stands at 7,402.1, reflecting a 0.3% increase.

Among the top performers in the BSE REALTY index today are SUNTECK REALTY, gaining 3.1%, and Sobha, up by 2.7%. On the other hand, Phoenix Mill has declined by 2.0%, while PRESTIGE ESTATES is down 0.7%.

Over the past year, NCC has risen from ₹208.1 to ₹231, marking an 11% increase. In the same period, the BSE REALTY index has climbed from 6,695.4 to 7,402.1, reflecting a 10.6% gain.

Notably, the biggest gainers in the BSE REALTY index over the last 12 months include Phoenix Mill (+51.6%), OBEROI REALTY (+39.8%), and Brigade Enterprises (+14.9%).

Benchmark Indices Performance

The BSE Sensex is currently at 78,276.2, up 1.4%, with L&T (+4.3%) and MUNDRA PORT & SEZ (+3.5%) among the top gainers. The most actively traded stocks are ZOMATO and Tata Motors.

Similarly, the NSE Nifty is at 23,698.8, gaining 1.5%, with Shriram Transport and L&T leading the rally. Over the last year, the BSE Sensex has risen from 71,645.3 to 78,276.2, reflecting a gain of 9.3%.

NCC Financial Performance

For the quarter ending September 2024, NCC’s net profit surged 105.2% YoY to ₹1,745 million from ₹851 million a year earlier. Net sales also grew by 10.1%, reaching ₹51,960 million compared to ₹47,196 million in the same period last year.

For the full FY24, NCC’s net profit increased 14.6% to ₹7,404 million, compared to ₹6,462 million in FY23. Meanwhile, the company’s revenue jumped 34.0%, reaching ₹208,450 million. NCC’s current P/E ratio stands at 16.8 based on its trailing 12-month earnings.

Top Gainers and Losers Today

BSE-30 (Sensex) Top Gainers:

• INDUSIND BANK – ₹1,070.75 (+2.16%)
• POWER GRID – ₹290.10 (+1.52%)
• TATA STEEL – ₹135.20 (+1.35%)
• TATA MOTORS – ₹719.15 (+1.19%)
• NTPC – ₹322.05 (+0.91%)

BSE-30 (Sensex) Top Losers:

• ASIAN PAINTS – ₹2,267.45 (-3.73%)
• TITAN – ₹3,503.25 (-2.66%)
• NESTLE – ₹2,243.85 (-2.46%)
• BAJAJ FINSERV – ₹1,790.30 (-1.31%)
• SUN PHARMA – ₹1,750.00 (-0.96%)

NSE-50 (Nifty) Top Gainers:

• BPCL – ₹263.75 (+3.05%)
• IOC – ₹127.65 (+2.56%)
• TRENT – ₹5,894.95 (+2.52%)
• BHARAT ELECTRONICS – ₹291.25 (+2.37%)
• HINDALCO – ₹597.50 (+2.32%)

NSE-50 (Nifty) Top Losers:

• ASIAN PAINTS – ₹2,267.95 (-3.67%)
• TITAN – ₹3,506.45 (-2.54%)
• NESTLE – ₹2,242.95 (-2.46%)
• BAJAJ FINSERV – ₹1,789.60 (-1.30%)
• TATA CONSUMER – ₹1,022.00 (-1.18%)

Market Highlights

NCC Stock Surges 6%, Outperforms Market Amid Volatility :   The Sensex is trading flat, while the Nifty remains above 23,750. MTNL surged 17%, whereas Asian Paints fell 4% in today’s session.

NCC Ltd. Bags ₹424.79 Crore Order, Strong Order Book of ₹52,370 Crore

NCC Stock Surges 6%, Outperforms Market Amid Volatility NCC Limited, a major civil construction company in Rakesh Jhunjhunwala’s portfolio, has secured a ₹424.79 crore order in January 2025. This order, related to the Transportation Division, was awarded by the State Government and excludes internal orders.

The company’s order book now totals ₹52,370 crore as of September 30, 2024, with significant growth in its financial performance. In Q2 FY25, NCC saw a 10% increase in net sales, reaching ₹5,195.98 crore. Operating profit surged 43%, totaling ₹471.33 crore, while net profit saw a remarkable 111% rise, reaching ₹162.96 crore compared to Q2 FY24.

For the first half of FY25, NCC’s net sales grew by 34% to ₹11,744.96 crore, with operating profit and net profit increasing by 22% and 29%, respectively. For the full fiscal year FY24, net sales rose by 34% to ₹20,845 crore, with operating profit and net profit increasing by 18% and 16%, respectively.

NCC is a diversified company established in 1978, specializing in EPC contracts, BOT projects, and infrastructure development. It operates in sectors like roads, buildings, irrigation, water systems, and railways. The company also has an international presence, especially in the Middle East.

NCC has a market capitalization of over ₹13,000 crore, with the late Rakesh Jhunjhunwala’s portfolio owning a 12.48% stake as of September 2024, now transferred to his wife, Rekha Jhunjhunwala. The stock has risen 16% from its 52-week low and has delivered multibagger returns of over 130% over the past two years.

Note: This article is for informational purposes and not investment advice.

NCC Stock Rebounds Amid Market Volatility, Suggesting Possible Trend Shift

NCC Stock Surges 6%, Outperforms Market Amid Volatility On January 29, 2025, NCC, a mid-cap capital goods company, experienced a significant recovery, gaining 5.0% after three days of consecutive declines. This strong rebound outpaced both its sector and the Sensex, indicating a potential shift in the stock’s trend, despite recent market volatility.

The stock reached an intraday high of ₹234.95, reflecting a 4.52% peak during the session. However, it is still trading below its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which suggests the stock remains in a challenging position for the short to medium term.

When compared to the broader market, NCC’s 4.47% gain on the day significantly outperformed the Sensex, which rose by just 0.36%. Over the past month, NCC has faced a notable decline of 15.88%, while the Sensex dropped by 3.20%, highlighting the stock’s volatility and current performance amid market fluctuations.