The market cap of NCC rose Rs 543 crore to Rs 19,588.81 crore. The stock pared gains to trade 2.08% higher at Rs 309.65 apiece as of 09:45 a.m., compared to a 0.42% advance in the NSE Nifty 50. The stock has gained 88.87% in 12 months, and 87.89% on a year-to-date basis. Out of 14 analysts tracking the company, 10 maintain a 'buy' rating, one recommends a 'hold' and three suggest 'sell'.
Key takeaways:
- NCC Ltd.'s share price rose nearly 5% after it emerged as the successful bidder of an order worth Rs 3,389.49 crore for the construction of Daudhan Dam.
- The company's market cap rose by Rs 543 crore to Rs 19,588.81 crore as of 09:47 a.m.
- The stock gained 88.87% in 12 months, and 87.89% on a year-to-date basis.
- Out of 14 analysts tracking the company, 10 maintain a 'buy' rating, one recommends a 'hold' and three suggest 'sell', according to Bloomberg data.