Buy NCC, target price Rs 213: Hem Securities

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

By ETMarkets.com | Updated: Oct 13, 2023, 09.28 AM IST

Promoters held 22.0 per cent stake in the company as of 30-Sep-2023, while FIIs owned 24.18 per cent, DIIs 11.03 per cent.

Hem Securities has buy call on NCC with a target price of Rs 213. The current market price of NCC Ltd. is Rs 163.4.
NCC Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 10306.10 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 30-06-2023, the company reported a Consolidated Total Income of Rs 4406.72 Crore, down -11.54 % from last quarter Total Income of Rs 4981.36 Crore and up 31.51 % from last year same quarter Total Income of Rs 3350.91 Crore. Company reported net profit after tax of Rs 182.24 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 22.0 per cent stake in the company as of 30-Sep-2023, while FIIs owned 24.18 per cent, DIIs 11.03 per cent.

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