NCC Bags Rs 500 Crore of Fresh September Orders, but the Stock Stays Deeply Oversold at an RSI of 21
- October 1, 2026
- Posted by: Harsh Piplani
- Category: News
NCC Rs 129.50, up 0.48% (1 Oct, 9:13 AM). Two September orders worth Rs 500.22 crore: Rs 224.74 cr buildings, Rs 275.48 cr transportation. RSI 21.1, deeply oversold. P/E 10.81.
Quick Answer
The NCC share price was Rs 129.50 at 9:13 AM on 1 October 2026, up 0.48 percent, after the construction company disclosed two additional orders worth a combined Rs 500.22 crore secured in September. Of the total, Rs 224.74 crore pertains to NCC’s buildings division and Rs 275.48 crore to its transportation division. Despite the fresh order inflow, the stock’s RSI of 21.1 remains deeply oversold, continuing a pattern seen in recent sessions where order wins have not been enough to lift sentiment. NCC trades at a P/E of 10.81 against an infrastructure industry average of 23.35, one of the more modest valuations in the construction sector.
NCC Limited disclosed two additional orders received in September 2026, together worth Rs 500.22 crore. Of this, Rs 224.74 crore relates to the company’s buildings division and Rs 275.48 crore to its transportation division, continuing a steady stream of order announcements from the construction major through the month.
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Despite the fresh wins, the NCC share price remains technically weak, with an RSI of 21.1 that is deep in oversold territory. This article covers the order details, the stock’s valuation, and why the market continues to look past NCC’s order momentum.
What NCC’s September Orders Cover
| Division | Value |
|---|---|
| Buildings | Rs 224.74 crore |
| Transportation | Rs 275.48 crore |
| Total | Rs 500.22 crore |
NCC has disclosed a series of order wins through September, and this latest Rs 500.22 crore addition continues that pattern across its two largest segments. The company did not name specific clients or project locations in the disclosure reviewed.
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NCC Share Price Today: Numbers and Technical Levels
| Metric | Value (1 Oct, 9:13 AM) |
|---|---|
| NCC share price | Rs 129.50 (up 0.48%) |
| Previous close | Rs 128.88 |
| 52-week high / low | Rs 217.25 / Rs 126.65 |
| RSI (14-day) | 21.1 |
| SuperTrend | Bearish, resistance at Rs 140.87 |
| 20-day average | Rs 138.02 |
| Market cap | Rs 8,093 crore |
| P/E vs industry P/E | 10.81 vs 23.35 |
| Dividend yield | 1.71% |
The NCC share price remains just 2.3 percent above its 52-week low of Rs 126.65 and 40.4 percent below its 52-week high of Rs 217.25. An RSI of 21.1 is deeply oversold, and the SuperTrend indicator stays bearish with resistance at Rs 140.87, well above the current price.
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Why NCC’s Order Wins Keep Failing to Lift the Stock
NCC’s consolidated order book has remained large relative to its revenue, yet the market has repeatedly focused on execution pace and cash flow rather than fresh order announcements, a pattern this publication has covered in earlier sessions. Management’s own guidance for FY27 revenue growth of 8 to 10 percent has been seen by some brokerages as conservative relative to the order book, which may be contributing to the gap between order flow and share price performance.
Valuation Behind the NCC Share Price
NCC trades at a P/E of 10.81 against an infrastructure industry average of 23.35, a wide discount. Return on equity of 8.58 percent and debt to equity of 0.44 are moderate, and the 1.71 percent dividend yield adds a small income component, but the valuation gap reflects persistent investor caution about execution rather than a lack of order inflow.
Risks for the NCC Share Price
Execution risk remains the central concern, since converting a large order book into revenue depends on timely payments and site mobilisation, areas where NCC has faced challenges in segments like water infrastructure in the past. An RSI near 21 suggests the stock is deeply oversold, which can precede a technical bounce, but that would reflect short-term positioning rather than a change in the underlying execution story. Rising input costs and funding costs tied to the company’s smart meter project financing are additional factors to watch.
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Conclusion
NCC disclosed Rs 500.22 crore of fresh September orders across its buildings and transportation divisions, yet the stock remains deeply oversold with an RSI of 21.1, continuing a pattern where order announcements have not translated into share price gains. A P/E of 10.81 against an industry average of 23.35 reflects persistent caution about execution rather than a shortage of orders. Investors deciding whether to buy NCC shares should watch the Rs 140.87 resistance, follow stop-loss levels and consult a SEBI-registered adviser.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data independently before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the NCC share price today?
Ans. The NCC share price was Rs 129.50 at 9:13 AM on 1 October 2026, up 0.48 percent from Rs 128.88.
What orders has NCC won in September 2026?
Ans. NCC disclosed two additional orders worth a combined Rs 500.22 crore, with Rs 224.74 crore in its buildings division and Rs 275.48 crore in transportation.
Why is the NCC share price still weak despite new orders?
Ans. The market has focused on execution pace and cash flow rather than order announcements in recent sessions, and conservative FY27 growth guidance has added to investor caution.
Is the NCC share price oversold?
Ans. Yes. The RSI of 21.1 is deep in oversold territory, well below the conventional 30 threshold.
Is the NCC share price attractively valued?
Ans. The P/E of 10.81 is well below the infrastructure industry average of 23.35, though the discount reflects execution concerns rather than being a simple bargain.
What are the key technical levels for the NCC share price?
Ans. The key levels are SuperTrend resistance at Rs 140.87 and the 20-day average of Rs 138.02. The RSI is 21.1.
How close is NCC to its 52-week low?
Ans. The stock is just 2.3 percent above its 52-week low of Rs 126.65.
Should I buy NCC shares at these oversold levels?
Ans. An oversold RSI can precede a bounce, but execution risk is the bigger underlying concern. Use a stop-loss and consult a SEBI-registered adviser.
