NBCC (India) Limited shares have gained significant momentum, rising 9% across two consecutive trading sessions following major corporate developments. The stock reached a day's high of Rs 126.00 on Monday, marking a 3% intraday gain as investors responded positively to the company's recent announcements.

Stock Performance and Market Response

The recent performance metrics highlight strong investor confidence:

The stock's upward trajectory has been supported by expanded trading volumes and strong technical indicators, with the RSI near 64 reflecting healthy momentum without entering overbought territory.

Delhi Land Settlement Agreement

NBCC announced a significant settlement agreement with the Government of National Capital Territory of Delhi (GNCTD) concerning the disputed 42.46-acre land parcel in Sultanpur/Ghitorni village. The resolution brings clarity to a long-standing land ownership matter through an equal division approach.

The Delhi government will execute a perpetual lease deed in favor of NBCC for its portion, granting development rights aligned with the Master Plan for Delhi (MPD-2021). This allows for sub-leasing and mixed-use development under applicable city zoning norms.

Mumbai Port Authority Projects

NBCC has secured multiple infrastructure projects with the Mumbai Port Trust, receiving in-principle approval to act as the executing agency. The company will handle planning, design, execution, and supervision for various facilities including a CGO Complex, iconic building, multi-level car parking facility, and international convention centre.

On December 23, NBCC signed a Memorandum of Understanding with the Board of Mumbai Port Authority for developing a CGO Complex spread over 25 acres on Mumbai Port land. The project will be executed on a turnkey, deposit-work basis with NBCC appointed as Project Management Consultant.

Technical Analysis Outlook

According to technical analysts, NBCC has delivered a strong bullish breakout with the stock trading comfortably above key short and medium-term moving averages. The price action indicates trend strength, while the overall structure remains positive as long as the stock holds above channel support and recent swing lows. The breakout has been validated by expanded volumes, confirming strong buyer participation.

Despite broader market weakness with benchmark indices declining for the second consecutive day, technical analysts have identified two stocks showing strong bullish breakout patterns. The Nifty has slipped below the 21 EMA on the hourly chart, indicating increased bearish sentiment, yet selective stocks continue to demonstrate positive momentum.

Market Overview

Rupak De, Senior Technical Analyst at LKP Securities, noted that the slip below 21 EMA indicates rising bearish bets after a rangebound phase. The RSI shows a bearish crossover with weakening momentum, though the Nifty found support near the 26,000 level where the 21 EMA is positioned. The trend may improve toward 26,200 and higher if 26,000 holds decisively, while a sustained move below could trigger further weakness.

NBCC Technical Breakout

NBCC has delivered a strong bullish breakout, demonstrating significant technical strength despite market headwinds. The stock closed at ₹122.06 with a sharp 5% upward move, confirming an upside resolution from the rising channel pattern.

The stock is trading comfortably above key short and medium-term moving averages, indicating strong trend momentum. The RSI near 64 reflects healthy momentum without entering overbought territory. Volumes have expanded on the breakout, validating buyer participation and supporting the bullish thesis.

Dalmia Bharat Recovery Pattern

Dalmia Bharat has witnessed a constructive rebound, closing at ₹2,160.60 with a decisive bullish candle formation. The stock has successfully held above the 200-DMA and reclaimed key short-term EMAs, indicating trend revival after the recent corrective phase.

The RSI has moved up to around 66, reflecting strengthening momentum without being overbought. The improving price structure suggests a higher-low formation in the short term. A sustained move above the ₹2,180-₹2,200 resistance zone can accelerate upside traction.

Technical Analysis Summary

Both stocks demonstrate strong technical fundamentals despite broader market weakness. Key factors supporting the bullish outlook include:

• Volume confirmation: Expanded volumes on breakout patterns
• Moving average support: Trading above key technical levels
• Momentum indicators: RSI levels indicating healthy momentum
• Pattern completion: Clear breakout from consolidation phases

Kunal Kamble, Senior Technical Research Analyst at Bonanza Portfolio, emphasizes that both recommendations maintain positive structure as long as stocks hold above their respective support levels and recent swing lows.