HDFC Securities is bullish on NCC has recommended buy rating on the stock with a target price of Rs 100 in its research report dated February 13, 2017.
HDFC Securities' research report on NCC
Earnings quality is improving with asset monetisation and lower interest costs. We have cut FY18-19E revenue/EPS forecast by 8-14%, to factor in back-ended orders. Stable debt and working capital will help drive execution. Maintain BUY. Roll forward with SOTP valuation of Rs 100/sh.
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