NCC Ltd.'s share price rose nearly 5% on Friday, as it emerged as the successful bidder of an order worth Rs 3,389.49 crore. The company has received a Letter of Acceptance from the Ken–Betwa Link Project Authority for engineering, procurement, and construction of Daudhan Dam, the company said in an exchange filing.
NCC will plan, design, engineer and do hydro–mechanical work for building Daudhan Dam, the filing said. It will take 72 months from the date of the order.
The total order price excludes GST, NCC mentioned in the exchange filing.
NCC Share Price Today
NCC share price rose 4.91%, the highest level since Nov. 8. The stock pared gains to trade 2.08% higher at Rs 309.65 apiece as of 09:45 a.m., as compared to a 0.42% advance in the NSE Nifty 50.
The market–cap of NCC rose Rs 543 crore to Rs 19,588.81 crore, as of 09:47 a.m.
The 52–week high of the stock is Rs 364.50, which it touched on July 31. NCC hit 52–week low of Rs 154.65 apiece, which it touched on Dec. 21.
The stock gained 88.87% in 12 months, and 87.89% on year-to-date basis. Total traded volume so far in the day stood at 10 times its 30-day average. The relative strength index was at 60.43.
Out of 14 analysts tracking the company, 10 maintain a 'buy' rating, one recommends a 'hold' and three suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 9.6%.
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