NCC Share Price Surges 5% on Rs. 10,805 Crore Order Win; Still 41% Below 52-Week High; Buy Now?

NCC share price surged more than 5% today, reaching Rs. 218.22 apiece intraday on the National Stock Exchange. The construction company has recently secured a significant order from Bharat Sanchar Nigam Limited (BSNL) valued at Rs. 10,805 crore.

NCC Share Price Movement

NCC shares are currently trading at Rs.213, rising 4.09% or 8.37 points at the time of writing. Over the past five days the NCC shares have jumped 2.32% and surged 18% in the last 30 days. This mid-cap construction and infrastructure company has seen significant price fluctuations over the past year. Its 52-week high stands at Rs. 364.50, while the 52-week low is recorded at Rs. 170.05. As of March 26, 2025, NCC's market capitalisation is approximately Rs. 13,390 crore.

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NCC - BSNL Order Details

NCC on Monday announced on the stock exchanges that it has secured a Rs. 10,805 crore contract from BSNL involving the development, upgradation, and maintenance of the middle-mile network of BharatNet. The contract involves comprehensive infrastructure development, including design, supply, construction, installation, upgradation, operation, and maintenance of the BharatNet network. The project will be executed across the Uttarakhand Telecom Circle and the Madhya Pradesh, Dadra & Nagar Haveli, and Daman & Diu (DNH & DD) Telecom Circles.

The execution timeline for the contract includes a 3-year construction period, followed by a ten-year maintenance phase.
As per the press release, the contract for the Uttarakhand Telecom Circle is worth ₹2,647.12 crore (excluding GST), with ₹1,543.35 crore allocated for capital expenditure (Capex) and ₹1,103.77 crore for operational expenditure (Opex). Meanwhile, the project for Madhya Pradesh, DNH & DD Telecom Circles is valued at ₹8,157.44 crore (excluding GST), with ₹4,189.05 crore for Capex.

NCC Limited is a major player in India's infrastructure sector, with a diverse portfolio that includes buildings, transportation, water and environment, electrical transmission and distribution, irrigation, mining, and railways projects.
The company's robust order book, which stood at ₹55,548 crore as of December 31, 2024, provides a strong foundation for sustained revenue growth over the next 2-3 years.

NCC Share Price Target

On February 21, 2025, Axis Direct set a price target of ₹213.00 for NCC Limited. At the time of the recommendation, the stock was trading at ₹186.90, and it has since gained 13.96%, reaching the target price. With this upward movement, Axis Direct's target has been met, and the broking has issued a buy recommendation for the stock.
Earlier, on February 7, 2025, IDBI Capital had set a higher target of ₹268.00 for NCC. At that time, the stock was trading at ₹207.30, reflecting a modest gain of 2.75% since the recommendation. IDBI Capital maintained a Hold rating on the stock, suggesting that investors could wait for further price appreciation before making any decisions.

About NCC Ltd

NCC Limited, formerly known as Nagarjuna Construction Company Limited, is a prominent construction and infrastructure development firm based in Hyderabad, India. Established in 1978, the company has significantly contributed to India's infrastructure landscape over the past four decades. NCC's diverse portfolio encompasses buildings, transportation, water and environment, electrical transmission and distribution, irrigation, mining, and railways projects. The company's commitment to quality and timely delivery has earned it a reputable position among clients, financial institutions, associates, and shareholders.