IIFL Securities's Stock Idea: Buy Nbcc (India) with Target Rs 162
IIFL Securities recommends buying Nbcc (India) shares, setting a target price of Rs 162, indicating a potential upside of approximately 5%. Nbcc (India) is currently trading at Rs 153.86, suggesting a potential gain for investors who follow this recommendation.
About Nbcc (India):
NBCC (India) Limited is a government-owned construction company listed on the National Stock Exchange of India (NSE). It is a leading player in the Indian construction sector and has been involved in various prestigious projects, including the construction of the new Parliament building in New Delhi. NBCC offers a wide range of services, including project management, design and engineering, construction, and project financing. The company has a strong track record and has received numerous awards for its work.
52 Week Price Trend:
NBCC (India) is currently trading at Rs 153.86, hovering in the middle range of its 52-week high of Rs 176.85 and 52-week low of Rs 30.95. The stock has experienced significant volatility over the past year, indicating price fluctuations within a wide range. Investors may consider analyzing NBCC's financial performance, market conditions, and industry outlook before making any investment decisions. The price movement suggests potential opportunities for both gains and losses, warranting cautious evaluation of the stock's fundamentals and market trends.
Stratzy's MOST Analysis:
NBCC's AA- rating from Stratzy's MOST framework indicates a medium fundamental risk. This assessment is based on the company's performance in terms of management, outlook, safety, and trend. NBCC's strong management team, stable outlook, and positive safety record contribute to its higher score. However, certain aspects of the company's performance or industry trends may need improvement or monitoring, resulting in the AA- rating. This rating suggests that NBCC exhibits moderate fundamental risks that investors should be aware of when making investment decisions.
Company's Fundamentals:
NBCC (India) is a civil engineering and construction company with a market capitalization of ₹32,814.01 crores. On the NSE, it has a stock PE ratio of 61.96, indicating that its share price is trading at 61.96 times its earnings per share. Its PB ratio of 12.79 suggests that its market value is 12.79 times its book value. NBCC offers a dividend yield of 0.39%, implying that investors receive ₹0.39 for every ₹100 invested in the company's stock. These metrics provide insights into the company's valuation, profitability, and dividend payout strategy, helping investors make informed investment decisions.
Fundamental and Technical information provided in this blog were last updated on 11 Jun, 2024
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