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Buy NBCC; taget of Rs 1145: Firstcall Research

Firstcall Research is bullish on NBCC and has recommended buy rating on the stock with a target price of Rs 1145 in its research report dated October 14, 2015.

October 15, 2015 / 13:12 IST
     
     
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    Firstcall's research report on NBCCNational Buildings Construction Corporation Ltd. (NBCC) is a Schedule A, Public sector undertaking under the aegis of Ministry of Urban Development (MoUD), incorporated in year 1960. The Company now boasts of its Status as a NAVRATNA CPSE, conferred upon it by the Govt. of India on June 23, 2014. A construction major under the Ministry of Urban Development, Govt. of India, and the company provides Civil Engineering Construction Services in wide Gamut of Projects of varied nature, complexities & at socio-political Geographical locations, both at home & overseas. Company is carrying out its business in three segments (i) Project Management Consultancy (PMC), (ii) Engineering, Procurement and Construction (EPC), and (iii) Real Estate Development.We expect that the company surplus scenario is likely to continue for the next three years, will keep its growth story in the coming quarters also. We recommend ‘BUY’ in this particular scrip with a target price of Rs.1145.00 for Medium to Long term investment.For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    first published: Oct 15, 2015 01:12 pm

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