Current Price and Market Context
As of 18 Feb 2026, NCC Ltd’s stock closed at ₹152.15, up from the previous close of ₹150.10. The intraday range was relatively narrow, with a low of ₹149.05 and a high of ₹152.70. The stock remains significantly below its 52-week high of ₹242.00, while comfortably above its 52-week low of ₹138.50. This price positioning reflects ongoing volatility and investor caution amid broader sectoral and market dynamics.
Technical Trend Overview
The overall technical trend for NCC Ltd has shifted from bearish to mildly bearish, indicating a slight easing of downward momentum but no definitive reversal. This is corroborated by the daily moving averages, which continue to signal bearishness, suggesting that short-term price action remains under pressure. The weekly Moving Average Convergence Divergence (MACD) indicator, however, has turned mildly bullish, hinting at potential upward momentum in the near term. Conversely, the monthly MACD remains bearish, underscoring longer-term caution.
Momentum Indicators: MACD and RSI
The MACD, a key momentum oscillator, presents a dichotomy between weekly and monthly timeframes. The weekly MACD’s mildly bullish stance suggests that recent price momentum is improving, possibly driven by short-term buying interest. However, the monthly MACD’s bearish reading indicates that the broader trend remains negative, reflecting persistent selling pressure over the past several months.
The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no clear signal, hovering in neutral zones. This lack of RSI extremes implies that the stock is neither overbought nor oversold, leaving room for either a continuation of the current trend or a potential breakout depending on forthcoming market catalysts.
Bollinger Bands and Volatility
Bollinger Bands on both weekly and monthly charts are mildly bearish, signalling that price volatility is skewed towards the downside. The bands have not yet contracted significantly, indicating that volatility remains moderate. This suggests that while the stock is not experiencing extreme price swings, the prevailing sentiment is cautious, with a bias towards downward pressure.
Additional Technical Signals: KST, Dow Theory, and OBV
The Know Sure Thing (KST) indicator remains bearish on both weekly and monthly timeframes, reinforcing the view that momentum is subdued. Dow Theory analysis offers a mildly bullish signal on the weekly chart but no discernible trend on the monthly, reflecting short-term optimism tempered by longer-term uncertainty.
On-Balance Volume (OBV) is mildly bullish weekly but shows no trend monthly, suggesting that recent trading volumes support modest accumulation, though this is not yet confirmed over a longer horizon.
Comparative Performance Against Sensex
Examining NCC Ltd’s returns relative to the Sensex reveals a mixed performance. Over the past week, the stock declined by 3.49%, underperforming the Sensex’s 0.98% drop. However, over the last month, NCC gained 1.57% while the Sensex fell marginally by 0.14%. Year-to-date, the stock is down 5.11%, lagging the Sensex’s 2.08% decline. Over a one-year horizon, NCC’s return is deeply negative at -20.26%, contrasting sharply with the Sensex’s 9.81% gain.
Longer-term returns paint a more favourable picture, with NCC outperforming the Sensex over three, five, and ten years. The stock has delivered 65.83% over three years versus the Sensex’s 36.80%, 67.01% over five years compared to 61.40%, and 134.62% over ten years against the Sensex’s 256.90%. These figures highlight the stock’s cyclical nature and the importance of a long-term perspective for investors.
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Mojo Score and Analyst Ratings
NCC Ltd currently holds a Mojo Score of 41.0, categorised as a Sell grade by MarketsMOJO, reflecting a downgrade from a previous Hold rating on 20 Oct 2025. The Market Cap Grade stands at 3, indicating a mid-tier market capitalisation relative to peers. This downgrade aligns with the mixed technical signals and the stock’s underperformance in recent months.
Moving Averages and Daily Technicals
Daily moving averages remain bearish, signalling that short-term price momentum is still under pressure. This is a critical consideration for traders looking for entry points, as the stock has yet to demonstrate a sustained reversal above key moving average levels. The persistence of bearish daily averages suggests that any rallies may be met with resistance, requiring cautious position sizing.
Investor Implications and Outlook
Investors should weigh the mildly bullish weekly MACD and OBV signals against the prevailing bearish monthly indicators and daily moving averages. The neutral RSI readings imply that the stock is not currently overextended in either direction, leaving room for a potential technical breakout or further downside.
Given the stock’s recent downgrade to Sell and its relative underperformance against the Sensex over the short and medium term, a conservative approach is advisable. Long-term investors may find value in the stock’s historical outperformance over multi-year periods, but near-term volatility and technical uncertainty warrant close monitoring.
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Sector and Industry Context
NCC Ltd operates within the construction industry, a sector often sensitive to economic cycles, government infrastructure spending, and regulatory changes. The current technical signals may reflect broader sectoral headwinds, including rising input costs and competitive pressures. Investors should consider these macro factors alongside technical analysis when evaluating NCC’s prospects.
Summary of Technical Signals
In summary, NCC Ltd’s technical indicators present a complex picture:
- Trend: Shifted from bearish to mildly bearish overall
- MACD: Weekly mildly bullish; monthly bearish
- RSI: Neutral on both weekly and monthly
- Bollinger Bands: Mildly bearish weekly and monthly
- Moving Averages: Daily bearish
- KST: Bearish weekly and monthly
- Dow Theory: Mildly bullish weekly; no trend monthly
- OBV: Mildly bullish weekly; no trend monthly
This blend of signals suggests that while short-term momentum shows tentative improvement, the longer-term outlook remains cautious. Investors should monitor for confirmation of trend reversals or further deterioration before adjusting positions significantly.
Conclusion
NCC Ltd’s recent technical parameter changes highlight a stock at a crossroads. The mild improvement in weekly momentum indicators contrasts with persistent monthly bearishness and daily moving average weakness. This technical divergence, combined with a recent downgrade to a Sell rating and underperformance relative to the Sensex, suggests that investors should exercise prudence. Long-term holders may benefit from the stock’s historical resilience, but near-term volatility and mixed signals call for careful risk management.
As always, integrating technical analysis with fundamental insights and sectoral trends will provide the most comprehensive framework for investment decisions regarding NCC Ltd.
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