NCC jumps 3% on winning orders worth Rs2890cr - Highlight Investment Research

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Wednesday 2 January 2019

NCC jumps 3% on winning orders worth Rs2890cr

Shares of NCC Ltd jumped 3% as the company announced winning 4 orders worth Rs2,890.7cr in December, 2018. The orders are from central and state government agencies.

The company said in the filing that, “out of this, one order of Rs680cr pertained to water and environment division, two orders totalling to Rs2,126.8cr related to roads division, and the fourth order of Rs83.7cr pertained to building division.

These orders are received from central / state government agencies and do not include any internal orders, the company added.

NCC Ltd is currently trading at Rs91.10 up by Rs2.25 or 2.53% from its previous closing of Rs88.85 on the BSE. The scrip opened at Rs89 and has touched a high and low of Rs91.35 and Rs88.60 respectively. So far 1,26,85,112 (NSE+BSE) shares were traded on the counter.






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