NCC shares jump 3% on healthy Q3 numbers
CLSA said the company's well-priced orders drove Ebitda margin.
By ETMarkets.com | Updated:
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NEW DELHI: Shares of construction & engineering firm NCC climbed nearly 3 per cent, a day after the company said its December quarter profit jumped 70 per cent to Rs 166 crore from Rs 97.37 crore in a year-ago period.
The company's consolidated income for the December quarter stood at Rs 3,416 crore against Rs 2,093 crore last year. Ebitda margins stood at 12.2 per cent as against 13.8 per cent and 11.8 per cent in 3QFY18 and 2QFY19, respectively.
Global brokerage CLSA has maintained its 'Buy' call on the stock with a target price of Rs 140 per share, adding that there were surprises across the board in the Q3 set of numbers.
The brokerage said the company's well-priced orders drove Ebitda margin.
Reliance Securities, too, has a 'Buy' rating on the stock with a view that the third quarter performance has been slightly ahead of estimates.
Shares of the company closed 0.90 per cent down at Rs 82.80 on BSE.
The company's consolidated income for the December quarter stood at Rs 3,416 crore against Rs 2,093 crore last year. Ebitda margins stood at 12.2 per cent as against 13.8 per cent and 11.8 per cent in 3QFY18 and 2QFY19, respectively.
Global brokerage CLSA has maintained its 'Buy' call on the stock with a target price of Rs 140 per share, adding that there were surprises across the board in the Q3 set of numbers.
The brokerage said the company's well-priced orders drove Ebitda margin.
Reliance Securities, too, has a 'Buy' rating on the stock with a view that the third quarter performance has been slightly ahead of estimates.
Shares of the company closed 0.90 per cent down at Rs 82.80 on BSE.
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