The stock is down nearly 21.3 per cent over the past year and about 8 per cent year-to-date
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Shares of NCC Limited touched a fresh 52-week low on Thursday morning after the infrastructure company disclosed that it and a subsidiary have been barred from bidding on National Highways Authority of India (NHAI) tenders for two years.
The stock fell to ₹135.00 in early trade on the NSE, its lowest point in the past year, before recovering partially to ₹149.20, down 0.37 per cent from the previous close of ₹149.76, as of around 10.09 am. Trading volume was heavy, with over 1.53 crore shares changing hands, generating a traded value of ₹224.47 crore. Buy orders accounted for 62.32 per cent of total quantity traded, suggesting some dip-buying interest at lower levels.
The selloff follows NCC’s stock exchange disclosure on Wednesday, February 18, that it and its step-down subsidiary O B Infrastructure Limited (OBIL) had received a debarment order from NHAI effective February 17, 2026. Under the order, both entities are barred from participating in any NHAI tender, bid, or RFP, whether as concessionaire, contractor, EPC contractor, or consortium member, for a period of two years.
NCC said the debarment relates to a highway project in Uttar Pradesh executed by OBIL under a concession agreement dating back to 2006. The company contends the project faced delays due to NHAI’s own lapses, and OBIL had won a favourable arbitration award in November 2024. That award is currently being challenged by NHAI before the Delhi High Court.
The company maintained there is no impact on its existing order book or ongoing projects, and said it will challenge the debarment order through appropriate legal channels.
The stock is down nearly 21.3 per cent over the past year and about 8 per cent year-to-date. Its 52-week high stands at ₹242.15, hit in June 2025. NCC is part of the Nifty Smallcap 100 index, with a total market capitalisation of approximately ₹9,362 crore.
Published on February 19, 2026
