NCC bags Rs 500 crore orders, stock near 52-week low

NCC Limited informed exchanges on September 30, 2026, that it secured two new orders worth Rs 500.22 crore during the month, even as the stock trades close to its 52-week low. What happened: The new orders comprise Rs 224.74 crore for the Buildings Division and Rs 275.48 crore for the Transportation Division, both excluding GST. This adds to an earlier Rs 1,076.71 crore major order disclosed during the month, taking total September order inflow to about Rs 1,576.93 crore. Price action: Despite the order wins, NCC closed at Rs 128.88 on September 30, near its 52-week low of Rs 126.65, and about 41% below its 52-week high of Rs 217.25. The stock is down roughly 4.2% over the past week, about 6% over six months, and down over 37% in the past one year. Technical picture: The stock has been in a sustained downtrend for most of the year and is now sitting just above its 52-week low, a zone where it has found some support so far. Rs 126 to 127 is the level to track as immediate support, since a break below would put the stock into fresh 52-week low territory. On the upside, Rs 134 to 140, the range the stock traded in through September, is the first resistance zone. What to watch next: Whether Rs 126 to 127 holds as support in the near term, and NCC's execution pace on its order book in the coming quarters, since order wins have not yet translated into price strength this year. Disclosure: Palash Kag, Proprietor, Sarathi Research, SEBI Reg. No. INH000012740. No position held in NCC Limited as on date. Views are educational and informational only, not financial advice or a recommendation to buy, sell or hold any security.