Buy NCC, target Rs 115: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on NCC Ltd. with a target price of Rs 115. The current market price of NCC Ltd. is Rs 106.8. Time period given by the analyst is Intra Day when NCC Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 103. NCC Ltd., incorporated in 1990, has a market cap of Rs 6414.91 crore.

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 31-12-2018, the company has reported a Consolidated sales of Rs 3378.67 Crore, up 4.19 % from last quarter Sales of Rs 3242.76 Crore and up 63.49 % from last year same quarter Sales of Rs 2066.65 Crore Company has reported net profit after tax of Rs 169.07 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.R V Shastri, Mr.S Ravi, Mr.Utpal Sheth, Mrs.Renu Challu. Company has S R Batliboi & Associates LLP as its auditoRs As on 31-03-2019, the company has a total of 600,646,588 shares outstanding.