Buy NCC, price target Rs 66: Jayesh Bhanushali

Jayesh Bhanushali of IIFL has a buy call on NCC Ltd. with a target price of Rs 66.0 . The current price of NCC Ltd. is Rs 66.0 . Jayesh Bhanushali recommended to keep a stoploss at Rs 57 .

NCC Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 3669.95 Crore) operating in Construction sector.

NCC Ltd. key Products/Revenue Segments include Income From Contracts which contributed Rs 7527.73 Crore to Sales Value (99.58 % of Total Sales) and Other Operating Revenue which contributed Rs 31.59 Crore to Sales Value (0.41 % of Total Sales)for the year ending 31-Mar-2018.


For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 2346.98 Crore, down -37.60 % from last quarter Sales of Rs 3761.08 Crore and down -6.61 % from last year same quarter Sales of Rs 2513.13 Crore Company has reported net profit after tax of Rs 74.47 Crore in latest quarter.

The company’s top management includes Dr.A S Durga Prasad, Mr.A A V Ranga Raju, Mr.A G K Raju, Mr.A S N Raju, Mr.A V N Raju, Mr.Hemant M Nerurkar, Mr.J V Ranga Raju, Mr.S Ravi, Mr.Utpal Sheth, Mrs.Renu Challu. Company has S R Batliboi & Associates LLP as its auditoRs As on 30-09-2019, the company has a total of 600,646,588 shares outstanding.