NCC Jumps 4% on Market Recovery; BSE Realty Index, Sector Stocks Slide
Stock Market Today: NCC surges 🔼 4% amid Realty Index decline. Full update on Sensex, Nifty, and NCC’s earnings snapshot.
NCC Surges 4% Amid Realty Sector Slump; Sensex, Nifty Edge Higher
Shares of construction major NCC Ltd surged 🔼 4% today to trade at ₹220.3, defying the downward trend in the BSE Realty Index, which slipped 🔽 0.4% to 7,020.7.
Realty Sector: Mixed Performance
Within the realty pack, Oberoi Realty inched up 🔼 0.3%, while Phoenix Mills and DLF declined 🔽 1.2% and 0.8% respectively. Over the past year, NCC shares have fallen 🔽 31.5%, from ₹321.8 to ₹220.3, while the broader Realty Index has dropped 🔽 9.5%.
Notably, Mahindra Lifespace (down 🔽 33.4%), Sunteck Realty (down 🔽 30.1%), and Godrej Properties (down 🔽 25.6%) emerged as the biggest laggards in the sector.
Benchmark Indices Hold Steady
The BSE Sensex edged up 🔼 0.1% to 80,780.0, buoyed by Mundra Port & SEZ (up 🔼 1.7%) and Bharti Airtel (up 🔼 1.1%). On the NSE, the Nifty 50 stood at 24,651.3, supported by gains in Mundra Port & SEZ and IOC.
In the last 12 months, the Sensex has climbed 🔼 2.6%, rising from 78,759.4 to 80,780.0.
NCC Financial Snapshot 📊
Despite today’s market rally, NCC’s financial performance has shown some strain. The company reported a net profit of ₹2,027 million for Q1 FY26, down 🔽 8.8% year-on-year from ₹2,222 million. Revenue also slipped 🔽 6.3% to ₹51,790 million, compared to ₹55,280 million in the same quarter last year.
However, for the full fiscal year ended March 2025, NCC recorded a 17.3% jump in net profit to ₹8,683 million, with revenue growing 🔼 6.5% to ₹221,994 million. The stock currently trades at a price-to-earnings (P/E) ratio of 16.5, based on trailing 12-month earnings.
