Buy NCC, target Rs 96: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on NCC Ltd. with a target price of Rs 96. The current market price of NCC Ltd. is Rs 87.6 Time period given by analyst is Intra Day when NCC Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 84. NCC Ltd., incorporated in 1990, is a midcap company with a market cap of Rs 5261.66 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 30-09-2018, the company has reported a Consolidated sales of Rs 3242.76 Crore, up 29.03 % from last quarter Sales of Rs 2513.13 Crore and up 115.61 % from last year same quarter Sales of Rs 1503.97 Crore Company has reported net profit after tax of Rs 124.17 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 30-09-2018, the company has a total of 600,646,588 shares outstanding.