ICICI Direct 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.
ICICI Direct's research report on NCC
We have rolled over our estimates to FY19E. We have maintained our BUY recommendation on the stock with a revised target price of Rs 100/share. We value NCC’s domestic construction business at Rs 121/share (7x FY19E EV/EBITDA), international construction business at Rs 4/share (8x FY19E PE) and the real estate business at Rs 11/share (0.5x P/BV).
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