NCC Limited is engaged in the construction/project activities in the infrastructure sector. The Company is involved in the construction of industrial and commercial buildings, roads, bridges and flyovers, water supply and environment projects, housing, power transmission lines, irrigation and hydrothermal power projects and real estate development. Its geographic segments include Within India and Outside India.
Its business divisions include buildings and housing, roads, electrical, water and environment, irrigation, railways, power, metals, mining and international. The Company also has a presence in the Middle East where it undertakes works in roads, buildings, and water segments. Its portfolio includes housing projects, shopping malls, hospitals, highways, project electrification, river intake works, water treatment plants, pumping stations, electromechanical works, lift irrigation schemes, sewage pumping stations and treatment plants, water pipelines and transportation of coal.
Stock Performance:
Recent IPO got oversubscribed more than 100 times. During the last 1 year the scrip has given following returns
6 months - 17.8%
3 months - 27%
1 month - 35%
1 week - 4.75%
Recommendation :
Buy and add to your long term portfolio. With the impending awarding of large construction projects by Government of India, company stands to gain. With a sound balance sheet and a good management makes it a compelling buy.
This scrip has a great potential to move higher and higher in next 2 years. Both the long term and short term investors will be rewarded well with consistent growth in profitability and bottom line.
Raghav
Equity Analyst
Smart Investor
Equity Research
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