On a ₹1480 Crore Order Win, NCC’s Share Price Surges 4% to Reach a 6-Week High

Following a ₹1,480 crore order to rebuild Darbhanga Medical College, NCC shares increased 4% to ₹214. Despite earlier drops brought on by poor financial performance and mounting debt, this is the second significant contract victory in as many weeks, helping to drive a 21% stock bounce.

Following a big domestic order win, shares of NCC, one of the biggest and most diverse construction companies in India, surged 4% in early morning trading on Monday, March 24, hitting a 4-week high of ₹214 per share.

The business told investors in its regulatory filing on Saturday that it has obtained a ₹1,480 crore contract from Bihar Medical Services & Infrastructure Corporation Limited for the renovation of Darbhanga Medical College & Hospital (DMCH) in Laheriasarai, Darbhanga.

After winning a ₹2,129 crore contract on a lump-sum (percentage tender) basis for the construction of roads, drains, water supply, sewage, utility ducts for power and ICT, and avenue plantation, this was the company’s second major order win in less than two weeks. The Development Authority of the Andhra Pradesh Capital Region issued this directive.

The firm acquired several significant orders in March, which has fueled a substantial rebound in its stock price compared to the previous two months. A contract of ₹218.82 crore (excluding GST) was awarded to NCC Limited in February 2025 after the company got an order worth ₹424.79 crore (excluding GST) in January 2025.

In March, after the stock had been beaten for six months in a row, the market mood turned bullish with a string of significant order wins, which led to a 51% correction. Despite a 21% recovery this month, the stock is still 42% behind its most recent top.

Following the company’s poor December quarter results, which fell short of Street forecasts, the shares ended February with a 31% decrease. Rising debt levels and the management’s decision to lower FY25 sales growth and margin expectations further soured investor opinion.

NCC is one of India’s most significant infrastructure companies with a broad presence in important construction sectors such as buildings and housing, roads, water and environment, irrigation, metals, mining, and railroads. The government’s strong emphasis on infrastructure expenditure continues to boost the sector.