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

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