Why did NCC share price hit a 52-week low?

NCC share price fell after NHAI debarred the company and a step-down subsidiary from participating in highway tenders for two years, effective 17 February 2026. The market fears slower order inflows and weaker earnings visibility. Volumes spiked to about 7.6x average as investors priced in higher risk.

Are NCC’s ongoing projects affected by the NHAI debarment?

Based on company communication reported by media, ongoing projects are not affected. The action restricts participation in new highway tenders. That means execution of current orders should continue, but near-term order additions from NHAI could be limited, which may influence growth and margins over the next few quarters.

What technical levels should traders watch on NCC?

Key support is at ₹135, the new 52-week low. Secondary support is around ₹140. Immediate resistance sits near ₹150–₹152, then ₹160.69. RSI is 45.44, indicating neutral momentum. The stock trades below its 50-DMA (₹153.39) and 200-DMA (₹197.97), so the medium-term trend remains weak.

Is NCC’s valuation attractive after the fall?

At around ₹150, NCC trades at 13.05x TTM EPS, 1.25x book, and 0.46x sales, with EV/EBITDA of 6.17. That looks reasonable, but interest coverage is low at 0.24x, so cash flow stability is crucial. Investors may wait for May results and clearer order visibility before taking a long-term view.

Global Market Insights

NCC.NS Stock Today: February 20 – NHAI Tender Ban Sinks Shares to 52-Week Low

ByDanny Kontos February 20, 2026February 20, 2026

NCC share price slid to a 52-week low after the National Highways Authority of India (NHAI) announced a two-year debarment on tender participation for NCC and a step-down subsidiary, effective 17 February 2026. On 20 February, the stock hovered near ₹150 after an intraday low of ₹135 on 19 February. While NCC says ongoing projects are unaffected, markets fear slower highway order inflows. We break down what this means for earnings, valuation, technicals, and next steps for investors in India.