NBFC has Retested the Breakout Zone || Stock is going to flyHello everyone, i hope you all will be doing good. I have brought a stock which has retested the breakout zone after giving successfully breakout of triangle pattern stock name is NBCC (India) Limited and is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs. The Co. operates in three major segments - Project Management Consultancy, Engineering Procurement & Construction, and Real Estate.
Technically stock is looking good on chart, after the breakout stock has came down to retest the levels this is call healthy currection for new swing.
Price is above 200-DEMA, MACD is showing bearish crossover on chart but slowly it start giving bullish crossover.
Company has good management. NBCC is totally Fundamentally strong stock.
Company has an order book of ~Rs. 55300 crs. as of H1FY24. ~7000 crs. orders were secured in FY24 itself from Kerala Housing Board, Govt. Presses redevelopment, Ravenshaw University, PWD Puducherry, Bokaro Steel etc.
Market Cap
₹ 32,022 Cr.
Current Price
₹ 178
High / Low
₹ 198 / 41.4
Stock P/E
60.0
Book Value
₹ 12.4
Dividend Yield
0.31 %
ROCE
32.7 %
ROE
25.6 %
Face Value
₹ 1.00
Industry PE
40.6
Debt
₹ 0.64 Cr.
EPS
₹ 2.23
Promoter holding
61.8 %
Intrinsic Value
₹ 35.8
Pledged percentage
0.00 %
EVEBITDA
35.9
Change in Prom Hold
0.00 %
Profit Var 5Yrs
7.30 %
Sales growth 5Years
0.97 %
Return over 5years
28.4 %
Debt to equity
0.00
Net profit
₹ 414 Cr.
ROE 5Yr
17.2 %
Profit growth
38.2 %
Earnings yield
2.88 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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