Top Stocks Today : IIFL Securities has Buy call on Ncc

IIFL Securities issued a buy call on NCC on June 21st, recommending investors purchase the stock at its current market price of Rs 331.05. The brokerage firm assigned a target price of Rs 345 for the stock, indicating a potential upside of approximately 4%. This buy call is likely based on the company's strong financial performance, positive industry outlook, and potential for further growth.

About Ncc:

NCC Limited (NCC) is an Indian multinational construction company, headquartered in Mumbai, Maharashtra. It is one of India's leading infrastructure companies, and is engaged in the construction of a wide range of projects, including highways, bridges, airports, railways, and power plants. NCC also has a presence in international markets, with operations in the Middle East, Africa, and South Asia. The company was founded in 1948, and is listed on the National Stock Exchange of India (NSE).

52 Week Price Trend:

NCC's current market price (CMP) stands at Rs. 331.05, hovering between its 52-week high of Rs. 264.95 and low of Rs. 88.25. This indicates significant upside potential, as the stock has already appreciated by over 25% from its lowest point. Investors looking for a potential growth opportunity may find NCC an attractive option, given its strong financial performance and the recent rally in the construction sector.

Stratzy's MOST Analysis:

NCC's AAA rating from Stratzy's MOST framework indicates that the company has strong management, a positive outlook, high safety standards, and a favorable trend. This overall score suggests that NCC has low fundamental risks. The strong management team is likely to make sound decisions, the positive outlook indicates that the company is expected to continue to perform well, the high safety standards ensure that the company is operating in a safe and compliant manner, and the favorable trend suggests that the company's performance is improving.

Company's Fundamentals:

NCC (National Commodities Clearing Ltd.) is a publicly traded company on the National Stock Exchange (NSE) of India. As of the latest available data, the company's stock has a Price-to-Earnings (PE) ratio of 23.69, indicating that investors are willing to pay 23.69 times the company's annual earnings for each share. The Price-to-Book (PB) ratio of 2.53 suggests that the company's market value is 2.53 times its book value, indicating a premium valuation. The Dividend Yield of 0.87% represents the annual dividend paid to shareholders as a percentage of the current share price, providing a modest income stream for investors. These metrics offer insights into NCC's financial health and investor sentiment.

Fundamental and Technical information provided in this blog were last updated on 21 Jun, 2024

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