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Real Estate
In the dynamic world of Indian stocks, NCC Limited (NCC) has been making headlines with its recent share price movements. On March 26, 2025, NCC shares witnessed a significant surge following the announcement of multiple deals from Bharat Sanchar Nigam Limited (BSNL). This article delves into the details of these developments, providing insights into NCC's current standing and what the future might hold for this construction giant.
NCC Limited is a leading construction company in India, founded in 1978. It specializes in turnkey engineering, procurement, and construction (EPC) contracts and build, operate, and transfer (BOT) projects under the Public-Private Partnership (PPP) model. The company's diverse portfolio includes sectors such as road construction, building projects, irrigation, water and environmental services, electrical works, metals, mining, and railways. With significant stakes in road and energy projects through NCC Infrastructure Holdings Limited and in real estate via NCC Urban Infrastructure, NCC's influence extends beyond Indian borders, with subsidiaries in Muscat and Dubai[2][3].
NCC's share price has experienced notable fluctuations recently. On March 25, 2025, the shares closed at Rs 205.25 on the NSE, with a trading volume of 6,561,010 shares. The stock reached an intraday high of Rs 212.3 and a low of Rs 203.0 during the same session. However, by March 26, 2025, NCC's share price jumped to Rs 208.4, marking a 1.93% increase from the previous close[1].
Following the announcement of new contracts from BSNL, NCC shares surged even further. The company secured advance work orders worth Rs 2,647.12 crore and Rs 8,157.44 crore for developing the middle mile network of BharatNet in Uttarakhand and Madhya Pradesh, respectively. This significant win led to the share price zooming up by as much as 6.40% during the trading session on March 26, reaching an intraday high of Rs 217.55[2].
The BSNL contracts are expected to significantly boost NCC's financial performance and future growth prospects. These deals not only add to the company's order book but also demonstrate its capabilities in securing large-scale infrastructure projects. The construction work is slated to be completed within three years, with maintenance extending over ten years. This long-term engagement provides NCC with stability and revenue visibility, making it an attractive proposition for investors[2].
In the fiscal year ending March 31, 2024, NCC reported a total revenue of Rs 20,970.91 crore and a net profit of Rs 710.69 crore on a consolidated basis. The company's last quarter results for December 2024 showed a net sales turnover of Rs 4,670.98 crore, slightly down from the previous year but still robust[3][4].
The recent share price surge reflects investor optimism about NCC's potential for future growth. The stock's 52-week high of Rs 364.5 and low of Rs 169.95 highlight the volatility but also the opportunity that NCC presents to investors[1][2].
Analyst recommendations for NCC are generally positive, with several suggesting a buy rating. HDFC Securities has set a target price of Rs 335, while Hem Securities recommends a target of Rs 213. Out of ten analysts, three are strong buy recommendations, four are buys, and only one suggests selling[3].
Given the recent developments and analyst recommendations, NCC appears to be a promising investment opportunity for those looking at the construction sector. However, investors should consider the broader market trends and sector-specific risks. As the share price continues to fluctuate, watching for further updates and assessing overall market conditions will be crucial for making informed investment decisions.
