NCC Ltd Secures Major Orders in October, Shares Slip in Broader Market Downturn
NCC Ltd secured orders worth Rs 3,496 crore in October, but the company's shares dipped amid a broader market decline. The infrastructure giant is actively involved in various sectors, including building construction, electrical projects, and water manage
Ncc LtdInfrastructureStock MarketOrdersReal EstateReal EstateNov 04, 2024
Despite the recent dip, NCC shares have shown strong performance over the past year, gaining 107.65%. Over the last two years, the stock has surged by an impressive 329.71%. The market capitalization of the firm currently stands at Rs 19,365 crore. On the BSE, a total of 1.85 lakh shares of the company changed hands, amounting to a turnover of Rs 5.82 crore.
From a technical standpoint, the relative strength index (RSI) of NCC stands at 59, indicating that the stock is neither overbought nor oversold. The stock has a one-year beta of 2, reflecting very high volatility during the period.
Frequently Asked Questions
What happened to NCC Ltd's shares in October 2024?
NCC Ltd's shares slipped 1.6% to Rs 307.50 on the BSE, despite the company securing significant orders worth Rs 3,496 crore in October. The decline was due to a broader market downturn.
What is the market capitalization of NCC Ltd?
The market capitalization of NCC Ltd stands at Rs 19,365 crore.
What are the main sectors NCC Ltd operates in?
NCC Ltd operates in various sectors, including construction of industrial and commercial buildings, housing projects, roads, bridges, and flyovers, as well as water supply, environmental projects, mining, power transmission lines, irrigation, hydrothermal power projects, and real estate development.
What is the relative strength index (RSI) of NCC Ltd?
The relative strength index (RSI) of NCC Ltd stands at 59, indicating that the stock is neither overbought nor oversold.
What is the one-year beta of NCC Ltd's stock?
The one-year beta of NCC Ltd's stock is 2, reflecting very high volatility during the period.
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