NCC Shares Surge 5%; BSE REALTY Index Rises 1.2% – Market Update

NCC’s Strong Performance

On Thursday, March 20, 2025, NCC’s share price surged by 5%, reaching ₹207.2 during trading hours. The stock’s rise came alongside a 1.2% increase in the BSE REALTY index, which closed at 6,642.3.

The rally in the REALTY sector was driven by notable performers like Prestige Estates, which gained 2%, and Sunteck Realty, which rose 1.7%. Despite today’s gains, NCC shares have experienced a 7.4% decline over the past year, dropping from ₹223.7 to ₹207.2.

BSE REALTY Index Performance
Over the last 12 months, the BSE REALTY index has climbed from 6,598.7 to 6,642.3, marking a modest 0.7% increase. The top gainers in the index during this period include:

• Prestige Estates: +22.0%

• Oberoi Realty: +20.4%

• Phoenix Mills: +18.5%

Benchmark Indices Overview
The broader market also showed upward momentum:

• BSE Sensex: Up 0.6% to 75,883.1, led by tech giants Infosys (+2.4%) and TCS (+2.2%).

• NSE Nifty: Up 0.7% to 23,065.2, with Wipro and Infosys among the top gainers.

Over the past year, the Sensex has increased by 4.3%, adding 3,134.6 points.

NCC’s Financial Update
For the quarter ending December 2024, NCC reported:

• Net profit: ₹1,958 million, down 14.7% YoY from ₹2,295 million.

• Net sales: ₹53,445 million, up 1.6% from ₹52,601 million in the same period of 2023.

For the fiscal year ending March 2024:

• Net profit: ₹7,404 million, marking a 14.6% increase YoY.

• Revenue: ₹208,450 million, up 34% compared to FY23.

The company's Price-to-Earnings (P/E) ratio stands at 15.7, based on rolling 12-month earnings.

Market Outlook
The rise in NCC’s stock price reflects positive sentiment in the real estate sector, despite its recent underperformance. With steady revenue growth and a rising P/E ratio, the company’s financial health remains strong, making it an attractive option for investors keeping an eye on the REALTY segment.