Buy NCC, target price Rs 109: HDFC Securities

HDFC Securities has buy call on NCC with a target price of Rs 109. The current market price of NCC Ltd. is Rs 72.15 .

NCC Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 4526.77 Crore) operating in Construction sector.

NCC Ltd. key Products/Revenue Segments include Income From Contracts and Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 3405.00 Crore, up 1.61 % from last quarter Total Income of Rs 3350.91 Crore and up 30.92 % from last year same quarter Total Income of Rs 2600.87 Crore. Company reported net profit after tax of Rs 136.87 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 21.99 per cent stake in the company as of 30-Sep-2022, while FIIs owned 9.77 per cent, DIIs 13.1 per cent.