NCC Share Price Gains After Wining Orders Worth Rs 1,690 Crore In June

Shares of NCC Ltd. rose over 2% on Tuesday after the company received orders worth Rs 1,690.51 crore in June.

The orders received by the construction company are related to the building division, according to an exchange filing. The orders were received from state government agencies and private companies and do not include any internal order.

These orders are to be completed between four and 24 months, the company said.

NCC Share Price

Shares of NCC rose as much as 2.79% to Rs 236.89 apiece. They were trading 0.43% lower at Rs 229.48 apiece, as of 9:51 a.m. This compares to a 0.23% advance in the NSE Nifty 50.

The stock has fallen 28.49% in the last 12 months and 16.03% year-to-date. Total traded volume so far in the day stood at 4.90 times its 30-day average. The relative strength index was at 38.83.

Out of 14 analysts tracking the company, nine maintain a 'buy' rating, three recommend a 'hold' and two suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 16.9%.

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