NCC stock gains nearly 10% on strong volumes, logs biggest intraday jump since August

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₹194.40 apiece. In today's trade, a total of 42 million shares changed hands on both the NSE and BSE, marking a substantial 6.4-fold rise from the stock's average weekly volume of 6.5 million shares. Today's rally has also pushed the stock towards its all-time high of ₹228 apiece, a level last seen in January 2008.

Also Read: Multibagger stock: Solar Industries shares zoomed 535% in last 3 years; will the rally continue? NCC is one of the largest infrastructure conglomerates in India, with a presence across all major construction segments such as building and housing, roads, water and environment, irrigation, metals, mining, and railways. Construction companies are currently benefiting from the government's robust infrastructure spending. The company's shares finished CY23 with a stellar gain of 98%, which is the best yearly performance since CY14, owing to a decline in key raw material costs, significant order wins, and improving financials.

Looking at the long-term performance, the stock gained 208% in 5 years and it is up by 850% in 10 years. Also Read: Praveg: This small-cap stock gained 47% in just 3 sessions amid ‘Chalo Lakshadweep’ wave On January 01, the company said it received two new orders in November, which are worth ₹553.48 crore. In a recent note, domestic brokerage firm Kotak Securities said that the company's strong order book provides revenue growth visibility for the next 2–3 years.