CNC stands for Cash and Carry order, used to take delivery of stocks in the Cash Equity segment. CNC order is also known as Delivery order.
There is no leverage available in this order type, and the traders need to maintain the entire value of the shares purchased as up front margin. The shares purchased under this order type can be held in the Demat account till desired for weeks, months, or years. You can also sell the stock the next day (T+1) using CNC product type if your broker allows BTST trading.
You can also purchase and sell a stock on the same day using the CNC order type, but the order gets treated as an intraday order and attracts intraday brokerage charges.