7 months ago
NCC Stock Falls Amid Bearish Trend
NCC Ltd's stock has been falling for two years, with a 33% drop in that time.
Recently, it hit a low of Rs 143.65.
Experts say the stock is in a strong downtrend and could fall further to Rs 130-138.
They also mention that the stock might find support at Rs 142 and resistance at Rs 152.
Rekha Jhunjhunwala, the wife of late investor Rakesh Jhunjhunwala, owns a big part of the company's shares.
The company works on big projects like roads, bridges, and buildings.
NCC Ltd's stock has been in a downtrend for two years, falling 33% in that period.
The stock hit a low of Rs 143.65 in the recent session, down from the previous close of Rs 146.
Experts suggest the stock could fall further to Rs 130-138, with support at Rs 142 and resistance at Rs 152.
Rekha Jhunjhunwala owns 10.63% of NCC's shares as of December 2025.
NCC is involved in infrastructure projects like roads, bridges, and real estate development.
- Who
- NCC Ltd, Rakesh Jhunjhunwala's wife Rekha Jhunjhunwala
- What
- Stock price decline and bearish trend
- Where
- BSE (Bombay Stock Exchange)
- When
- Over two years, with recent falls in 2026 and the past year
- Why
- Market correction and bearish technical indicators
Key facts
- Current Stock Price
- Rs 143.65
- Previous Close
- Rs 146
- Market Cap
- Rs 9022 crore
- Shares Traded
- 0.79 lakh
- Turnover
- Rs 1.14 crore
- Year-to-Date Loss
- 11%
- One-Year Loss
- 38%
- Two-Year Loss
- 33%
- Support Level
- Rs 142
- Resistance Level
- Rs 152
- Expected Trading Range
- Rs 142 - Rs 155
- Potential Fall
- Rs 130 - Rs 138
- Immediate Resistance
- Rs 160
- Stop Loss
- Rs 162
- Major Shareholder
- Rekha Jhunjhunwala (10.63%)
Quotes
Jigar S Patel
Analyst from Anand Rathi
“Support will be at Rs 142 and resistance at Rs 152. A decisive move above the Rs 152 level may trigger a further upside to Rs 155. The expected trading range will be between Rs 142 and Rs 155 for the short-term.”
businesstoday.in
Drumil Vithlani
Technical Analyst at Bonanza Portfolio
“NCC continues to remain in a strong downtrend, marked by a sequence of lower highs and lower lows on the daily chart. Any recent bounce appears corrective in nature rather than a trend reversal. Momentum indicators also support the bearish view. The RSI is hovering below the 40 zone, reflecting weak strength and lack of buying conviction. Volumes have failed to expand meaningfully on up moves, suggesting rallies are being used for distribution. It can fall to Rs 130- Rs 138 level. Immediate Resistance for the stock lies at Rs 160. Stop Loss can be fixed at Rs 162 on a daily closing basis.”
businesstoday.in
Sources
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