NCC bags Rs 219 crore order; positive trigger for midcap stock?

Should you buy, sell or hold NCC Ltd shares now? NCC Ltd bagged an order amounting to Rs 218.8 crore from a state government for its transportation division. According to SBI Securities, the development is positive for the stock in the short term. Read on to learn more about NCC shares.

NCC Latest News | Order win

After Friday’s market hours, NCC Ltd said it had received the order worth Rs 218.8 crore, excluding GST, in February.

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According to the company, the order does not include any internal order.

NCC Ltd Share Price Action

During Monday's session, NCC shares rose as much as 2.8 per cent to almost Rs 180 apiece in volatile trade on BSE.

The intraday gain brought some relief to investors as the stock had declined 9.2 per cent in five back-to-back sessions of losses till Friday.

At the current level, the construction company’s stock has lost almost 37 per cent of its value so far in 2025, after rising more than 64 per cent in 2024.

Should you buy or sell NCC Ltd shares now?

Earlier on Monday, Zee Business analyst Kushal Gupta gave a ‘buy’ call on NCC Ltd futures with a target price of Rs 182 and a stop loss at Rs 172.

How brokerages view NCC shares

Analysts at Axis Securities expect a robust order book to drive revenue growth at NCC.

By December 31, the company's order book stood at Rs 55,548 crore across various segments, providing revenue visibility for the next 2-3 years, analysts at the brokerage wrote in a research report dated February 21.

With its strong execution track record, the company is well-positioned for steady revenue growth, they noted.

Axis Securities analysts expect NCC Ltd to achieve CAGRs of 14 per cent, 17 per cent and 23 per cent in revenue, EBITDA and adjusted net profit over the period from FY25 to FY27, according to the research report.

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