Shares of NCC Ltd. rose 2% to reach a day’s high of Rs 310.45 on 1st October after the firm informed the exchanges that it had won orders worth Rs 2,327 crore for September 2024.

Of the total orders, Rs 1,417 crore are from the transportation division, Rs 520 crore from the electrical division, and Rs 390 crore from the buildings division. According to an exchange filing by NCC, these orders were received from state government agencies and private companies, with no external orders included.

NCC’s Rs 2,327 crore orders in September mark the highest amount in at least four months. The company previously secured orders worth Rs 1,236 crore in August, Rs 1,919 crore in July and Rs 335 crore in June this year.

In March 2024, the firm had secured orders worth over Rs 3,000 crore. At the end of the June quarter, the company’s promoters held a 22% stake, while Rekha Rakesh Jhunjhunwala owned a 10.63% stake.

Mutual Funds of India owned a 9.84% stake in NCC, and small shareholders, defined as those with an authorised share capital of less than Rs 2 lakh, held a 21% stake in the company.

The company still needs to disclose its shareholding information for the quarter ending on 30th September.

The stock has surged by almost 84.5% so far in 2024. The company’s market capitalisation is around Rs 19,306 crore.

At 11:31 AM, the shares of NCC were trading 1.91% higher at Rs 307.50 on NSE.

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