Buy NBCC (India), target Rs 60: Manas Jaiswal

Manas Jaiswal

of has a buy call on NBCC (India) Ltd. with a target price of Rs 60. The current market price of NBCC (India) Ltd. is Rs 55.75. Time period given by the analyst is Intra Day when NBCC (India) Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 53.5 NBCC (India) Ltd., incorporated in 1960, is a midcap company with a market cap of Rs 10035.00 crore.

NBCC (India) Ltd. key Products/Revenue Segments include Income from Project Development which contributed Rs 5339.33 Crore to Sales Value (90.42 % of Total Sales), Income From Construction Work which contributed Rs 507.14 Crore to Sales Value (8.58 % of Total Sales), Other Operating Revenue which contributed Rs 33.32 Crore to Sales Value (0.56 % of Total Sales) and Income From Real Estate Development which contributed Rs 25.23 Crore to Sales Value (0.42 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 1366.41 Crore, down -25.90 % from last quarter Sales of Rs 1844.03 Crore and up 3.57 % from last year same quarter Sales of Rs 1319.25 Crore Company has reported net profit after tax of Rs 72.55 Crore in latest quarter. The company’s top management includes Dr.Anoop Kumar Mittal, Major Gen.T M Mhaisale, Mr.Ashok Khurana, Mr.C R Raju, Mr.C Subba Reddy, Mr.Manoj Kumar, Mr.Neelesh Kumar Shah, Mr.Rajendra R Chaudhari, Mr.Rajendrasinh G Rana, Mr.Sairam Mocherla, Mrs.Jhanja Tripathy. Company has Jagdish Chand & Co. as its auditoRs As on 30-09-2018, the company has a total of 1,800,000,000 shares outstanding.

Read this article in :


Also Read

Buy NIIT, target Rs 94: Manas Jaiswal

Buy Gati, target Rs 100: Manas Jaiswal

Buy SRF, target Rs 2175: Manas Jaiswal

Buy Marico, target Rs 365: Manas Jaiswal

Buy Ceat, target Rs 1325: Manas Jaiswal

Commenting feature is disabled in your country/region.

Disclaimer: This recommendation is analyst’s own and does not represent those of & Please consult your financial advisor before taking any position in the stock/s mentioned.

From Around The Web

More from The Economic Times