NCC Share Price: NCC, one of the largest listed companies in the country in terms of revenue, received an order worth Rs 349.7 crore in December 2024. The company revealed this today on January 1, 2025. The effect of this disclosure of the company can also be seen on its shares today. At present it is priced at Rs 273.95 on BSE. Last month in December, there was such strong selling pressure on its shares that it fell by more than 11 percent. On the last day of the year 2024, it had closed on BSE with a gain of one and a half percent.
What kind of order has NCC received, now it is so far from the target.
According to the disclosure made by NCC in its exchange filing, a private company has placed an order worth Rs 349.7 crore. It is connected to the building division. It has to be completed in 32 months. The company has set an order inflow target of Rs 20 thousand-22 thousand crore in this financial year 2024-25 and the company’s head-strategy Nirad Sharma said that the company is on the way to achieve this target. In the meeting with stakeholders, he said that 55-60 percent of the lower band of the target i.e. Rs 20 thousand crore target has been achieved.
The company has also received Letter of Acceptance from Ken-Betwa Link Project Authority on 28th of November. It has received an EPC contract worth Rs 3,389.49 crore for Daudhan Dam under the Ken-Betwa Link Project, the work on which is to be completed within 72 months.
How were the shares in one year?
NCC shares have generated handsome earnings for investors. It was at Rs 164.60 on January 2, 2024, which is a one-year low for its shares. From this low level, it jumped by more than 121 percent in 7 months to reach a price of Rs 364.50 on July 31, 2024, which is a record high for its shares. However, the rise in shares stopped here and at present it is about 25 percent downside from this high.
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