Sell NBCC, price target Rs 32: Shubham Aggarwal

Shubham Aggarwal of Quantsapp Advisory has a sell call on NBCC (India) Ltd. with a target price of Rs 32. The current price of NBCC (India) Ltd. is Rs 34.05. Shubham Aggarwal recommended to keep a stop loss at Rs 35.

NBCC (India) Ltd., incorporated in the year 1960, is a Mid Cap company (having a market cap of Rs 6075 Crore) operating in Construction sector.

NBCC (India) Ltd. key Products/Revenue Segments include Income from Project Development which contributed Rs 6331.62 Crore to Sales Value (87.39 % of Total Sales), Income From Real Estate Development which contributed Rs 480.47 Crore to Sales Value (6.63 % of Total Sales), Income From Construction Work which contributed Rs 329.52 Crore to Sales Value (4.54 % of Total Sales) and Other Operating Revenue which contributed Rs 103.16 Crore to Sales Value (1.42 % of Total Sales) for the year ending 31-Mar-2019.


For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 1656.32 Crore, down 12.17 % from last quarter sales of Rs 1885.76 Crore and down 19.73 % from last year same quarter sales of Rs 2063.42 Crore. Company has reported net profit after tax of Rs -91.01 Crore in latest quarter.