NCC LTDLong
Stock Turning Bullish: NCC
Intro: Nagarjuna Construction Company Ltd. (NCC)
NCC is engaged in the infrastructure sector, primarily 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, real estate development, etc.
Fundamental Analysis:
Market Cap: ₹ 19,363 Cr.; Stock P/E: 25.2 (Ind. P/E: 33.3)
Book Value: ₹ 106; Dividend Yield: 0.71 %
ROCE: 22.1 %; ROE: 11.4 %
Compounded Sales Growth: 38%(3 years); Compounded Profit Growth: 41%(3 years)
Technical Analysis:
NCC has become bullish by taking the support to around 275 levels.
However, 20 EMA(black line) trailed below 50 EMA (orange line).
The 308 level must be held decisively in weekly closings to continue the bullish trend.
In addition, it has to break the resistance level of 318.
Support levels: 308, 292, 275, 252
Resistance levels: 318, 330, 362
Pros:
NCC is engaged in the infrastructure sector, primarily 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, real estate development, etc.
Fundamental Analysis:
Market Cap: ₹ 19,363 Cr.; Stock P/E: 25.2 (Ind. P/E: 33.3)
Book Value: ₹ 106; Dividend Yield: 0.71 %
ROCE: 22.1 %; ROE: 11.4 %
Compounded Sales Growth: 38%(3 years); Compounded Profit Growth: 41%(3 years)
Technical Analysis:
NCC has become bullish by taking the support to around 275 levels.
However, 20 EMA(black line) trailed below 50 EMA (orange line).
The 308 level must be held decisively in weekly closings to continue the bullish trend.
In addition, it has to break the resistance level of 318.
Support levels: 308, 292, 275, 252
Resistance levels: 318, 330, 362
Pros:
- NCC is expected to give a good quarter
- NCC has been maintaining a healthy dividend payout of 22.5%
- Debtor days have improved from 70.8 to 54.6 days.
- The company's working capital requirements have reduced from 87.9 days to 61.3 days
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