Shares of NCC Ltd. gained the most in nine months after it received five new orders worth Rs 3,601 crore in December.
Out of these orders, two worth Rs 1,871 crore are related to the water division; two worth Rs 993 crore are related to the electrical division; and one worth Rs 738 crore is related to the irrigation division, the company said in an exchange filing on Monday.
These orders were received from state government agencies and do not include any internal orders.
Shares of the company rose as much as 11.44% before closing 9.3% up. The benchmark Nifty 50 ended the day with 0.51% gains.
The stock had gained the most since April 1.
The total traded volume was 5.6 times its 30-day average volume. The relative strength index of the stock is 65.
The 15 analysts tracking the company, maintain a 'buy' rating on the stock, according to Bloomberg data. The 12-month consensus price target implies an upside of 7.8%.
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