New Delhi, Feb. 7 -- Shares of NCC, one of India's largest and most diversified construction companies, plunged 14.5% in early trade on February 7, hitting a 14-month low of Rs.203 per share. The sharp decline followed the company's weaker-than-expected December quarter results, which missed street estimates.

Investor sentiment was further dampened by a rise in debt levels and the management's decision to cut revenue growth and margin guidance for FY25. As a result, the stock experienced one of its worst intraday performances in recent years.

On a consolidated basis, NCC Limited reported a turnover of Rs.5,382.86 crore (including other income) for the third quarter of the current financial year, compared to Rs.5,287.74 crore in the corr...