NCC Share Price Hits Nearly Two-Month High After Rs 1,480-Crore Order Win
NCC will redevelop the Darbhanga Medical College & Hospital and other buildings at Laheriasarai, Darbhanga.
NCC Ltd.'s share price rose to a near two-month high on Monday, as the company received orders worth Rs 1,480.30 crore. The order is from Bihar Medical Services & Infrastructure Corp. for the redevelopment of Darbhanga Medical College & Hospital at Laheriasarai, Darbhanga.
As a part of the order, NCC will redevelop other buildings at the existing campus of DMCH, the company said in an exchange filing on Saturday. NCC will take 42 months for the construction of the medical college and hospital, while it will take 36 months for the redevelopment of other buildings in Laheriasarai, Darbhanga.
NCC Share Price Today
NCC share price rose 4.81% to Rs 215.95 apiece, the highest level since Feb. 7. It was trading 2.15% higher at Rs 210.45 apiece as of 10:07 a.m., as compared to a 0.84% advance in the NSE Nifty 50.
The stock has declined 13.68% in 12 months. Total traded volume so far in the day stood at 2.6 times its 30-day average. The relative strength index was at 61.90.
Out of 14 analysts tracking the company, nine maintain a 'buy' rating, two recommend a 'hold' and three suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 28.4%.
