NCC share price moved northwards after securing an order worth approximately ₹2,269 crore from Mumbai Metropolitan Region Development Authority (MMRDA).
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The uptick in NCC share price came after the company announced that it received multiple orders from BSNL worth Rs 2,647.12 crore and Rs 8,157.44 crore.
The company received a letter of acceptance (LoA) from Bihar Medical Services and Infrastructure Corporation Limited for the redevelopment of Darbhanga Medical College & Hospital at Laheriasarai
The uptick in NCC share price came after the company announced that it received a letter of acceptance (LOA) of Rs 2,129.60 crore from Andhra Pradesh Capital Region Development Authority
Nearly 60% of the SmallCap stocks registered a sharper loss compared to the Nifty SmallCap 100 and SmallCap 250 indices, which were down around 24% each from their respective peaks.
Analysts expect this painful phase for the small-cap stocks to continue for some more time, at least till the corporate earnings start to show signs of improvement.
Solar Industries, NCC, Phoenix Mills, Page Industries and Trent stock futures witnessed short build-up in recent days, shows NSE derivative data. Manappuram Finance in F&O ban on Monday.
Technical chart shows that NCC and Sonata Software shares were seen testing multi-year supports; break of the same can trigger a deeper fall at these counters. Check key levels for these 5 stocks here
The management has cut its revenue and margin guidance with revenue growth in FY25 now expected at 5 per cent (from 15 per cent) and margin expected at 9.25 per cent (from 9.5-10 per cent).
Revenue from operations rose 1.61 per cent to Rs 5,345 crore, compared to a 36.6 per cent growth in the same quarter year ago
The NSE derivatives data show that FIIs continue to hold a bearish bias, with 8.5 short positions in index futures for every long bet.