NCC Ltd, a leading player in the infrastructure sector, saw its stock rise by 2.71% to a peak of ₹310 during early trading on Tuesday, following the announcement of significant project wins in September 2024.
The stock closed the previous day at ₹301.80, making this a notable increase. The company's recent success and consistent performance have reinforced its strong position in the market, making it an appealing option for share market investment.
Impressive growth over the past year
Over the last year, NCC’s stock has surged by 98.65%, showing substantial returns for investors. In the past two years, the stock has seen a remarkable rise of 329.71%. This kind of performance illustrates the potential of share market investment in infrastructure companies like NCC.
The company's market capitalisation now stands at ₹19,353 crore, reflecting its solid market standing. On Tuesday, a total of 1.13 lakh shares of NCC were traded, contributing to a turnover of ₹3.48 crore on the Bombay Stock Exchange (BSE).
NCC’s technical indicators signal stability
From a technical perspective, NCC’s stock exhibits stability. The Relative Strength Index (RSI) is currently at 38.9, indicating that the stock is neither overbought nor oversold, a favourable condition for share market investment.
Additionally, the stock's one-year beta is 11.9, reflecting high volatility during this period. However, volatility can often present opportunities for savvy investors looking to make the most of share market investment.
Significant project wins in September 2024
In September 2024, NCC Limited secured new contracts worth ₹2,327 crore, excluding GST. These orders are spread across different divisions, with ₹1,417 crore in the Transportation Division, ₹520 crore in the Electrical Division, and ₹390 crore in the Building Division.
These projects were awarded by various state government agencies and private firms, underscoring NCC's strong position in the infrastructure sector. This influx of orders enhances the company’s growth prospects, making it an attractive option for those considering share market investment.
NCC's role in India’s infrastructure growth
NCC Limited has a significant presence in India’s infrastructure sector, engaging in a wide range of construction activities. The company focuses on industrial and commercial buildings, housing projects, roads, bridges, flyovers, water supply systems, environmental projects, and much more.
Additionally, NCC is involved in mining, power transmission, irrigation, and hydrothermal power projects. Its diverse portfolio not only positions the company for long-term growth but also makes it a reliable choice for share market investment.
NCC's strong performance and new project wins illustrate its potential for continued success, offering a promising opportunity for investors looking to capitalise on the growth of India’s infrastructure sector through share market investment.
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