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    Buy NCC, target Rs 95: Sarvendra Srivastava

    Synopsis

    Buy NCC at a price target of Rs 95 and a stop loss at Rs 84 from entry point.

    Sarvendra Srivastava of Phisense.com has a buy call on NCC with a target price of Rs 95.

    The current market price of NCC is Rs 89.2.

    Time period given by analyst is a week when NCC price can reach defined target.

    Sarvendra Srivastava recommended to keep stoploss at Rs 84.

    NCC, incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 4842.16 crore) operating in Construction sector.

    NCC key Products/Revenue Segments include Income From Contracts which contributed Rs 7880.27 crore to Sales Value (99.85 per cent of Total Sales) and Other Operating Revenue which contributed Rs 11.81 crore to Sales Value (0.14 per cent of Total Sales)for the year ending 31-Mar-2017.

    For the quarter ended 31-03-2016, the company has reported a Consolidated sales of Rs 2772.04 crore, up 15.85 per cent from last quarter Sales of Rs 2392.75 crore and up 11.75 per cent from last year same quarter Sales of Rs 2480.47 crore.

    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.N R Alluri, Mr.Neeraj Mohan, Mr.R V Shastri, Mr.S Ravi, Mr.Utpal Sheth, Mrs.Renu Challu. Company has M Bhaskara Rao & Co. as its auditors. As on 30-06-2017, the company has a total of 555,931,588 shares outstanding.



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    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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