Buy NCC, target Rs 100: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on NCC Ltd. with a target price of Rs 100. The current market price of NCC Ltd. is Rs 94.75, Time period given by the analyst is Intra Day when NCC Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 91.5. NCC Ltd., incorporated in 1990, is a midcap company with a market cap of Rs 5691.13 crore..

NCC Ltd. key Products/Revenue Segments include Income From Contracts which contributed Rs 7880.27 Crore to Sales Value (99.85 % of Total Sales) and Other Operating Revenue which contributed Rs 11.81 Crore to Sales Value (0.14 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 2394.79 Crore, up 29.40 % from last quarter Sales of Rs 1850.69 Crore and up 11.94 % from last year same quarter Sales of Rs 2139.42 Crore Company has reported net profit after tax of Rs 102.71 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.Amit Dixit, Mr.Hemant M Nerurkar, Mr.J V Ranga Raju, Mr.R V Shastri, Mr.S Ravi, Mr.Utpal Sheth, Mrs.Renu Challu. Company has M Bhaskara Rao & Co. as its auditoRs As on 30-06-2018, the company has a total of 600,646,588 shares outstanding.