HDFC Securities Pick of the Week 18th Oct'26: NCC Ltd

NCC’s diversified presence across buildings, transport, water, electrical, mining and rail positions it well to benefit from India’s growing infrastructure market. A strong FY26 order book provides long‑term visibility, supported by decades of execution expertise.

With India set for substantial infrastructure spending through FY30, NCC’s scale, balanced portfolio and improving receivables underpin a stable growth outlook and sustained earnings visibility.