NCC

Flash News Investment - - RECOMMENDATIONS -

{ { { Ticker: 500294 FV: ₹2 52-Week H/L: ₹141.85/77

We had rec­om­mended NCC in Vol­ume no 34, Is­sue No 44 (dated Aug 20, 2018), when the scrip was trad­ing at Rs 101. Our rec­om­men­da­tion was backed by fac­tors like ro­bust fi­nan­cial per­for­mance and strong order book. The trac­tion in road and build­ing projects and elec­tri­cal busi­ness con­tinue to be the driv­ers for the com­pany. A large por­tion of the order book con­sists of fast track or­ders and is ex­pected to get ex­e­cuted within two years. Also, the LI order of Mum­bai-Nag­pur project might get con­verted into order worth Rs 3,000 crore in the up­com­ing months. The out­look of in­fra­struc­ture space looks pos­i­tive on the back of In­dian govern­ment pro­mot­ing in­vest­ments in the sec­tor. Con­sid­er­ing these fac­tors, we urge in­vestors to HOLD the scrip.

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