NBCC shares rise 9% in just two trading sessions! What’s fuelling the rise today?
NBCC shares surged 3% to Rs 126 following a settlement with the Delhi government over a 42.46-acre land parcel, granting the PSU development rights. This resolution, coupled with recent approvals for infrastructure projects at Mumbai Port, has boosted investor confidence. The stock is up over 8% in two sessions and 34% year-to-date.
Shares of NBCC gained as much as 3% to their day’s high of Rs 126 on Monday, December 29, after the company announced a settlement with the Government of the National Capital Territory of Delhi (GNCTD), bringing closure to a long-pending land dispute and unlocking fresh value for the PSU.
With today’s gain, the stock is up 9% in two consecutive trading sessions.
In an exchange filing on Friday, NBCC said it has reached a settlement with GNCTD to resolve litigation related to a 42.46-acre land parcel in Sultanpur/Ghitorni village in Delhi. As per the agreed terms, the land will be equally divided between the two parties, giving NBCC a 21.23-acre share.
Crucially, the Delhi government will execute a perpetual lease deed in favour of NBCC for its portion of the land. The approved settlement grants NBCC development rights in line with the Master Plan for Delhi (MPD-2021), allowing for sub-leasing and mixed-use development under applicable city zoning norms.
Last week, NBCC received in-principle approval from the Mumbai Port Trust to act as the executing agency for multiple infrastructure projects at the Mumbai Port. NBCC will undertake planning, design, execution and supervision for projects including a CGO Complex, an iconic building, a multi-level car parking facility and an international convention centre, along with maintenance of buildings, sheds, wharfs, storage areas and roads.
Subsequently, NBCC signed a Memorandum of Understanding (MoU) with the Board of Mumbai Port Authority on December 23, 2025, for the development of a CGO Complex spread over 25 acres on Mumbai Port land. The project will be executed on a turnkey, deposit-work basis, with NBCC appointed as the Project Management Consultant for the development.
Technical View
“NBCC (India) has delivered a strong bullish breakout, closing at Rs 122.06 with a sharp 5% upward move, confirming an upside resolution from the rising channel,” Kunal Kamble, Senior Technical Research Analyst at Bonanza Portfolio told ETMarkets earlier. “Price is comfortably trading above key short- and medium-term moving averages, indicating trend strength, while RSI near 64 reflects healthy momentum without entering overbought territory. Volumes have expanded on the breakout, further validating buyer participation. The overall structure remains positive as long as the stock holds above the channel support and recent swing lows,” he added.
NBCC shares have risen 34% on a YTD basis.
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