NCC secures ₹1,286 crore LoA from Hyderabad Growth Corridor
after close1 source ↓machine-written, see hownot a recommendation
- from the Hyderabad
- ₹1,286.03 crore
- stock surged
- ₹123.85
- increase
- 3.25%
- on the BSE
- ₹119.95
- and reached
- ₹124.40
NCC has received a Letter of Acceptance (LoA) worth ₹1,286.03 crore from the Hyderabad Growth Corridor for the construction of Radial Road - 2. Following this announcement, the stock surged to ₹123.85, reflecting a 3.25% increase from its previous close of ₹119.95 on the BSE. The stock opened at ₹124.40 and reached a high of ₹127.70 during the trading session, with a total volume of 576,194 shares traded so far.
This significant contract enhances NCC's order book and underscores its position in the infrastructure sector, particularly in road construction. The current market capitalization of NCC stands at ₹7,785.30 crore, indicating a robust financial standing. The company's stock has shown volatility, with a 52-week high of ₹217.20 and a low of ₹119.20. The recent LoA is expected to bolster investor confidence and may lead to increased institutional interest, as the promoters hold 23.19% of the company while institutions and non-institutions hold 28.61% and 48.20%, respectively.
Looking ahead, investors should monitor the progress of the project and any further announcements regarding additional contracts or partnerships. The successful execution of this project could significantly impact NCC's revenue and profitability in the coming quarters.
Source: Accord Fintech, 09 Oct 2026
Not investment advice. For informational purposes only.