NCC shares rise nearly 2% as firm bags Rs 2,269 crore Mumbai Metro contract
Shares of NCC Ltd were in focus on Monday, July 14, climbing around 1.75% to ₹225.70 on the NSE after the company announced a significant order win. The stock gained from its previous close of ₹221.81 and traded within a day's range of ₹224.00–₹227.00 in early trade.
The civil construction company has secured a major contract worth approximately ₹2,269 crore from the Mumbai Metropolitan Region Development Authority (MMRDA). The order pertains to Mumbai Metro Line 6 – Package 1-CA-232, covering design, manufacturing, installation, and commissioning of rolling stock, signalling systems, telecom systems, platform screen doors, and depot machinery for the Swami Samarth Nagar–Vikhroli corridor.
The project is expected to be completed in 24 months, followed by two years of defect liability maintenance and five years of comprehensive maintenance.
Despite the positive development, NCC shares have lost about 33% in the last one year and 20% in 2025 so far. The company's market capitalisation stands at approximately ₹13,922 crore. Around 1.50 lakh shares of NCC changed hands on the BSE, resulting in a turnover of ₹3.32 crore.
On the technical front, the stock's relative strength index (RSI) is at 42.7, suggesting that it is neither overbought nor oversold. The one-year beta of 1.5 indicates relatively high volatility during the period.
This latest order win follows a strong order flow for NCC, which on June 30 announced additional contracts worth ₹1,690.5 crore in its building division from various state agencies and private clients.
NCC is a leading infrastructure player engaged in construction of industrial and commercial buildings, housing, roads, bridges, water supply projects, mining, power transmission, irrigation, and real estate development.
Disclaimer: The information provided is for informational purposes only and does not constitute investment advice. Stock market investments are subject to market risks. Please consult a financial advisor before investing. The author or publisher is not responsible for any losses incurred.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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