NCC Share Price Snaps Two–Day Rally Ahead Of Q2 Results
NCC Ltd.'s share price retreated from over one-month high, snapping a two-day rally on Monday. The stock had rallied in the last two trading sessions after the company disclosed its order wins for October.
The stock rose to the highest level since Sept. 13 during the special annual trading session held for Diwali on Friday after it announced that it had received orders worth total Rs 3,496 crore in October. The stock rose 4.62% in the last two trading sessions.
The stock hit a 52–week high of Rs 364.50 apiece on July 31.
NCC's board of directors will meet on Nov. 7 to approve release of its earnings numbers for July–September quarter and first half of the current financial year 2024-2025, the company said in an exchange filing on Oct. 28
Shares of the company rose as much as 1.63% to Rs 317.70 apiece, the highest level since Sept. 13. However, the stock erased all gains to trade 0.30% lower at Rs 311.65 as of 9:57 a.m., compared to 1.07% decline in the NSE Nifty 50 index. It has opened flat at Rs 317.70 apiece today.
The stock rose 104.83% in the past 12 months and 86.84% so far this calendar year. Total traded volume so far in the day stood at 2.6 times its 30-day average. The relative strength index was at 58.48.
Out of 14 analysts tracking the company, 10 maintain a 'buy' rating, one recommends a 'hold', and three suggest a 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 7.1%.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
