Should I buy NCC stock in 2025? Complete Guide for Indian Investors

What is NCC?

How much is NCC stock?

The price of NCC stock is rising this week. As of now, NCC shares are trading at ₹235.44, reflecting a 24-hour gain of ₹8.25 (+3.63%) and a strong weekly increase of ₹28.98 (+14.04%).

A stock beta of 1.79 indicates higher volatility than the broader market. Investors should note this volatility, which may present both risks and opportunities depending on market conditions.

Our full analysis on NCC stock

After a thorough review of NCC Limited’s (NSE: NCC) latest financial results and a detailed analysis of its stock performance over the last three years, our proprietary algorithms—integrating financial metrics, technical patterns, competitive landscape, and market data—highlight several compelling dynamics. The evidence suggests a company demonstrating operational resilience, strategic renewal, and improving technical momentum, even as cyclical pressures pose selective challenges. So, why might NCC stock once again become a strategic entry point into India’s pivotal infrastructure sector in 2025?

Recent Performance and Market Context

NCC’s share price has rebounded notably in recent weeks, currently trading at ₹235.44 as of May 20, 2025, registering a robust 14.04% gain over the past week and an impressive 26.48% advance since March lows. While the stock remains 15.23% below its year-ago level and has retreated 35.41% from its 52-week high, the current upswing signals increasing investor confidence and consolidates the view that a base may be forming after a period of correction.

This positive momentum coincides with several favorable sectoral and macroeconomic trends:

• Increased government infrastructure spending: The Government of India’s ongoing emphasis on nation-building is evidenced by a sustained boost in annual budget allocations for infrastructure, a sector seen as a multiplier for economic growth.
• Robust demand pipeline: With urbanization, transportation upgrades, water and sanitation initiatives, and renewable energy projects accelerating nationwide, construction majors like NCC are well-positioned to benefit.
• Resilience among peers: Leading infrastructure stocks have begun to rebound on the back of strong order inflows across the sector, further reinforcing a bullish market backdrop for NCC.

Moreover, NCC’s ability to secure marquee projects—such as the ₹3,389.49 crore EPC contract for the Daudhan Dam and the ₹1,480.34 crore Darbhanga Medical College & Hospital redevelopment—demonstrates both its technical capability and credibility among public sector clients.

Technical Analysis

The technical structure of NCC stock is shifting favorably, with multiple indicators suggesting renewed upside potential:

• Relative Strength Index (RSI) at 64.0: This places NCC comfortably in upward-trending, but not overbought, territory. The trajectory has been steadily positive.
• MACD reading at 4.9 (vs signal line at 3.4): A clear bullish crossover, often indicating the early phase of an upward cycle.
• Moving averages: The share price is currently above the 20-day (₹218.7), 50-day (₹207.4), and 100-day (₹221.3) moving averages, all suggestive of short- and medium-term momentum. Although the price remains below its 200-day moving average (₹265.2), this gap narrows with every upward thrust.
• Key support levels at ₹230.30, ₹225.15, and ₹220.88 provide a safety net, while a breakout above resistance at ₹239.72 could usher in a new bullish leg, with further positive signals if ₹243.99 and ₹249.14 are exceeded.
• Beta of 1.79 indicates higher volatility, but for risk-tolerant investors, this often correlates with amplified returns in bullish phases.

In the aggregate, NCC’s technical architecture appears to be transitioning away from bottom formation toward an emerging bullish phase, particularly if current market momentum continues.

Fundamental Analysis

Beyond positive technicals, NCC’s fundamentals underline a business with both stability and scalable growth levers:

• Revenue and Profit Growth: FY2025 annual revenue reached ₹22,199 crore, up 7% year-on-year, with net profit jumping 12% to ₹868 crore. The Q4 (March 2025) numbers also underscored operational resilience, with a 9% operating margin and ₹265 crore in net income.
• Attractive Valuation: NCC currently trades at 18.03x earnings, notably below many sector peers given current growth rates, with a price-to-book of 2.08. With EPS at ₹12.84 and a dividend yield of 0.97%, investors benefit from both capital appreciation potential and modest income.
• Robust Order Book: The order book stands at a record ₹71,568 crore, guaranteeing revenue visibility well into the medium term and reducing earnings risk.
• Expansion and Innovation: Strategic diversification into emerging verticals such as smart meters fortifies the growth profile, presenting additional drivers beyond traditional EPC contracts.
• Financial Strength: A manageable debt profile and sustainable dividend payout (only 17% of profits) further enhance the investment case, giving comfort in market downturns.

NCC’s pan-India footprint, experience in executing complex infrastructure, and adaptable business model consistently underpin its resilient performance, even in challenging sector cycles.

Volume and Liquidity

NCC boasts sustained and escalating trading volumes: the most recent daily tally of 10.7 million shares greatly exceeds the 3-month average of 6.61 million. This surge in volume reflects:

• Rising institutional and retail interest
• Enhanced liquidity, supporting tight bid-ask spreads and robust price discovery
• A favorable float structure (nearly 49% public holding), facilitating price dynamism

Such liquidity underpins valuation agility and potential for outsized gains should the current upward trend persist.

Catalysts and Positive Outlook

Multiple visible catalysts could accelerate the current bullish trajectory:

• Government initiatives: Policy continuity and rising capital outlays for infrastructure—particularly in railways, urban development, and water resource management.
• Major project wins: NCC’s recent contracts, especially in flagship national programs, underscore its competitive edge.
• Entry into Smart Meters: This strategic pivot positions NCC in the intersection of infrastructure, digital transformation, and sustainability—a space projected for rapid growth.
• ESG Trends: Increasing compliance with environmental and social benchmarks strengthens NCC’s positioning for both domestic and international project participation.
• Potential for margin accretion: Through ongoing operational efficiencies and tighter contract management.

As the macro environment becomes increasingly supportive—likely buoyed by stable interest rates, continued urbanization, and robust public sector spending—NCC is set to be a major beneficiary.

Investment Strategies

The current juncture offers flexible entry strategies tailored to varying investor time horizons:

• Short-term positioning:
• Tactical entries near support levels (₹230–₹225) could benefit from a technical momentum breakout, particularly above resistance at ₹239.72.
• Given recent surge in trading volume, short-term traders may find volatility presents lucrative opportunity windows.
• Medium-term orientation:
• Entry at current levels, leveraging the strong order book and visible execution pipeline. The next earnings cycle and new project announcements could act as further rerating triggers.
• Long-term strategies:
• With fundamentals underpinned by rising revenue/profit growth, robust order flows, and a diversified vertical presence, accumulation over time could prove advantageous for long-range capital appreciation.
• The moderate dividend provides additional income tailwind, while sharp corrections could be viewed as buying opportunities in light of the company’s core strengths.

Is it the Right Time to Buy NCC?

In summary, NCC Limited demonstrates a compelling mix of operational prowess, strong financial discipline, and strategically aligned growth avenues. The recovery in technical indicators, major order inflows, and favorable sectoral support allude to a stock poised for a potential re-rating. With the current price still trading below historical highs, a reasonable P/E, a robust and diversified order book, and continuous expansion into high-growth areas like smart infrastructure, the fundamentals justify renewed investor focus.

While cyclical risks, regulatory changes, and execution challenges warrant deliberate risk management, the upside potential appears significant given the projected sector momentum for 2025. With respected leadership at the helm and a solid base of core shareholders, NCC stands well-positioned to translate India’s infrastructure ambitions into sustained shareholder value.

For investors seeking exposure to the backbone of India’s growth story, NCC stock seems to represent an excellent opportunity to participate in the next cycle of expansion. The present scenario—with momentum building, liquidity improving, and multiple fundamental tailwinds—suggests NCC could be entering a new bullish phase, worthy of serious consideration for diversified portfolios targeting the infrastructure and construction theme.

NCC Limited exemplifies the resilience and forward vision required to capitalise on India’s transformative infrastructure journey—and now appears to be a particularly opportune moment for investors to evaluate its long-term return potential.

How to buy NCC stock in IN?

Buying NCC shares online is straightforward and secure for investors in India. Whether you want to take direct ownership or prefer flexible trading, regulated brokers make it easy to access NCC Limited’s stock. You can choose between two primary methods: buying shares outright (spot or cash buying), or trading via Contracts for Difference (CFDs) for potentially greater flexibility and leverage. Each method has its advantages and costs, so it's important to pick the one that fits your investing style. For an informed decision, we recommend reviewing our broker comparison further down the page.

Cash Buying

A cash (spot) purchase of NCC stock means you buy and own the actual shares, listed on Indian exchanges (NSE: NCC, BSE: 500294). You become a shareholder and may benefit from dividends and share price appreciation. Typically, Indian brokers charge a fixed commission per trade—often ranging from ₹20 to ₹30, though some may charge up to ₹100 per order for regular accounts.

Example

If NCC’s share price is ₹235.44 and you invest ₹83,000 (roughly $1,000), you can buy around 352 shares (₹83,000 ÷ ₹235.44 ≈ 352). Assuming a brokerage fee of ₹400 (about $5), this is included in your stake.

✔️ Gain scenario: If NCC’s price increases by 10% to ₹258.98, your shares are worth about ₹90,100.

Result: That’s a +₹8,300 gross gain (+$100), i.e., +10% on your initial investment.

Trading via CFD

CFDs (Contracts for Difference) let you speculate on the price movement of NCC shares without owning the underlying equity. CFDs offer the ability to use leverage—amplifying both gains and losses—and can be traded both long (betting the price will rise) and short (betting the price will fall). Main costs include the bid-ask spread (the broker’s margin) and overnight financing fees if trades are held beyond a day.

Example

You open a CFD position on NCC shares with a $1,000 (about ₹83,000) margin and 5x leverage.

• Your exposure is $5,000 (₹415,000).

✔️ Gain scenario: If NCC rises by 8%, your position gains 8% x 5 = 40%.

Result: +$400 profit (₹33,200), with an initial outlay of $1,000 (₹83,000)—excluding broker fees.

Final Advice

Before investing in NCC, it’s wise to compare brokers’ fees, trading conditions, and platforms—these can have a big impact on your returns. Some brokers may offer better rates for spot buying, while others are more competitive for CFD trading. Ultimately, your preferred method depends on your investment objectives: choose cash buying for long-term investing and ownership, or CFDs if you seek flexibility, leverage, and short-term opportunities. Consult our broker comparator further down the page to find the right fit for your needs and start investing with confidence.

Our 7 tips for buying NCC stock

The latest news about NCC

NCC shares have surged 14% in the last week, significantly outperforming the broader Indian market. Driven by heightened trading volume—10.7 million shares traded versus the 3-month average of 6.61 million—this rally reflects renewed investor optimism, particularly as the company’s stock price climbed to ₹235.44, above key short- and medium-term moving averages. This pricing momentum is attributed to robust operational performance and a rebound from previous lows, signaling a constructive market sentiment for short-to-medium-term traders and institutional investors.

NCC reported strong Q4 FY2025 results with revenue and profit growth, supporting ongoing investor confidence. The company posted ₹6,131 crore in revenue and ₹265 crore in net profit for the quarter, translating to a quarterly EPS of ₹4.04. Annual revenue rose 7% and net profit jumped 12% year-on-year, highlighting operational stability and the ability to manage cost pressures even as the industry faces rising input costs. The operating margin at 9% and earnings inline with analyst expectations further reinforce the quality of financial execution, which is essential for investors in India’s infrastructure sector.

NCC’s order book stands at a record ₹71,568 crore, underpinned by major new contracts across India. Recent headline awards, such as the ₹3,389.49 crore Daudhan Dam EPC contract and the ₹1,480.34 crore Darbhanga Medical College & Hospital project, add substantial revenue visibility and underpin long-term growth. This diversified pipeline—spanning multiple Indian states and infrastructure verticals—positions NCC advantageously as the Indian government maintains its strategic focus on national infrastructure expansion, a top priority in the domestic policy agenda.

The company’s pan-India presence and entry into smart meters enhance growth prospects and relevance in new sectors. NCC’s expansion into electricity smart meters signals an important diversification step, opening access to evolving segments aligned with the nation’s digital infrastructure goals. With a physical footprint in nine major cities and active projects in 27 states, the company is well-placed to capture both public and private sector opportunities, strengthening its brand and operational leverage in the Indian context.

Technical and valuation indicators suggest continued upside potential, with analyst consensus reflecting a 22–30% target premium. The stock trades with a P/E of 18.03 and offers a sustainable dividend yield near 1%. Positive technical indicators—such as an RSI of 64 and a bullish MACD—indicate short-term momentum, while consensus target prices between ₹287.38 and ₹306.07 represent a material upside from current levels. For Indian investors, the stock’s eligibility in tax-advantaged investment accounts such as ELSS and NPS further increases its appeal, combining strong fundamentals, market momentum, and regulatory incentives.

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P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.