NCC Shares Jump 5% After Securing Rs 1,286 Crore Telangana Road Project

Economic Times Markets · stocks

NCC shares surged nearly 5% to Rs 125.57 on Friday following the announcement of a significant new order. The company received a Letter of Acceptance from Hyderabad Growth Corridor Limited for a road construction project valued at Rs 1,286.03 crore in Telangana. This project involves constructing Radial Road-2 from the Outer Ring Road near Budwel to Nacharam on NH-167N, with an execution timeline of 18 months. Despite this positive development, the stock has experienced a longer-term decline, falling 13% in the past three months and 40% over the last year.