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NCC Limited: Strong outlook but stretched valuations

The company stands to benefit immensely from the revival of the Amaravati city project. It is also projecting a strong order inflow for FY2025, and has a robust and a well-diversified order book.

Bharat Gianani

August 07, 2024 / 10:52 IST

NCC Limited: Strong outlook but stretched valuations

With Chandrababu Naidu regaining power in Andhra Pradesh and emerging as a key member of the ruling NDA coalition at the Centre, we expect lot of infrastructure projects to come up in the state of Andhra Pradesh, which would be beneficial for NCC.

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Disclosure & Disclaimer

This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More