Fundamental pick: NCC - CMP 57 Company is into construction & engineering sector. It's been into various sectors(well-diversified business)such as Housing, transportation,water,has & oil, metals, etc. Reason why we choose this stock is that this budget may be focusing mainly on infrastructure theme as per many sources and if that is the case, this company will greatly benefit from the upcoming budget.
Factors influencing to buy the stock:
👉 Company has robust order inflows in the past quarters and it has excellent execution track record 💚💚 👉 Company's financial leverage is at its favourable position. Debt is at low considerably reduced over the years. 👉 Increase in net profit with increasing profit margin💚💚 👉 Company is available at attractive valuation and trading below book value (81)
One of the primary criteria that we choose is zero promoter pledge. But Company's promoter pledge is at 23.6% which is only negative we seen, however promoter has been releasing pledging in the past quarters and decreasing continuous.
👉 FII increased their stake in Dec qtr and rakesh JHUNJHUNWALA also increased his stake. Hopefully stock will perform in the coming qtr.
One can buy with TGT of 80+ initially and also can hold for higher targets🙏🙏🙏💚💚💚 Don't invest more than 5% of your capital.also invest half qty and on dips.
On Technical front, stock is trading the channel and if nifty corrects further, we may see dip which is good opportunity to accumulate/average.
Trade closed: target reached
⋅
Target 80 done in style and one can hold for higher targets as mentioned