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NCC soars 10% on order win worth Rs 3,601 crore in December

A major portion of the orders are from the central government/ state government and central government sponsored schemes, where the counterparty credit risk is minimal

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SI Reporter Mumbai
Shares of NCC moved higher by 10 per cent to Rs 92.45 on the BSE in Monday’s intra-day trade amid heavy volumes after the company received 5 new orders aggregating to Rs 3,601 crore in the month of December,2022.

Average trading volumes on the counter jumped more than two-fold with a combined 21.17 million equity shares having changed hands on the NSE and BSE till 12:00 PM. The stock hit a 52-week high of Rs 96.90 on December 14, 2022. In comparison, the S&P BSE Sensex was up 0.38 per cent at 61,069.

"Out of these orders, 2