IIFL Securities's Stock Pick Today: Buy Nbcc (India) with Target Rs 162
IIFL Securities recommends buying NBCC (India) shares, projecting a target price of Rs 162. The current market price of NBCC (India) is Rs 153.86, indicating a potential upside of 5.3%. The stock's positive outlook is attributed to several factors, including increased infrastructure spending, government projects, and the company's strong order book.
About Nbcc (India):
NBCC (India) Limited is a Navratna PSU under the Ministry of Housing and Urban Affairs, Government of India. It is a leading public sector enterprise in construction and project management, with a strong presence across several segments including civil engineering, project management, real estate development, urban development, and infrastructure. The company has executed numerous projects of national importance, including landmark buildings, airports, hospitals, and urban infrastructure projects. NBCC is known for its commitment to innovation, sustainability, and customer satisfaction, and is a trusted partner for both government and private sector clients.
52 Week Price Trend:
NBCC (India) is currently trading at Rs 153.86, within close proximity to its 52-week high of Rs 176.85. This indicates a positive trend in the stock's price, suggesting a potential for further growth in the near term. However, it is important to note that the stock has also experienced significant price fluctuations over the past year, reaching a 52-week low of Rs 30.95. Investors considering NBCC should carefully evaluate the company's financial performance and market conditions to make informed investment decisions.
Stratzy's MOST Analysis:
NBCC has been rated AA- by Stratzy's MOST framework. This rating indicates that the company has low fundamental risks. The rating is based on the company's strong management, positive outlook, good safety record, and positive trend. NBCC's management team has a strong track record of success and is committed to the company's long-term growth. The company has a positive outlook for the future and is well-positioned to capitalize on opportunities in the construction industry. NBCC has a good safety record and is committed to providing a safe work environment for its employees. The company's trend is positive, and it is expected to continue to grow in the future.
Company's Fundamentals:
NBCC (India) is a publicly traded company on the National Stock Exchange of India (NSE). Its current stock price-to-earnings (PE) ratio of 61.96 indicates that investors are willing to pay 61.96 times the company's annual earnings for each share. The price-to-book (PB) ratio of 12.79 suggests that the company's market value is 12.79 times its book value, which is the value of its assets minus its liabilities. The dividend yield of 0.39% represents the annual dividend paid to shareholders as a percentage of the current stock price, indicating a relatively low return on investment through dividends.
Fundamental and Technical information provided in this blog were last updated on 11 Jun, 2024
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