Navratna PSU company, NBCC stock price is a top pick of Prabhudas Lilladher to buy on Friday, December 6, 2024. The brokerage's buy recommendation comes after NBCC bagged a massive new order worth Rs 600 crore. NBCC is currently trading below Rs 105 levels on exchanges, while it has given nearly 89% returns YTD. NBCC is among the top bonus-paying stocks of 2024 in the PSE basket.
NBCC Share Price:
After market hours of December 5th, NBCC's share price closed at Rs 102.92 apiece on BSE, with a market cap of Rs 27,788.40 crore. The stock's 52-week high and low is at Rs 139.90 apiece, and Rs 48.39 apiece respectively. Its price-to-equity ratio is at 68.61x, and its return on equity is at 18.18%.
YTD, the stock price has surged by 88.74%, while in a year, the upside is 97.89%. In 5 years span, NBCC stock zoomed by 349.43% on BSE so far.
NBCC Stock Recommendation:
Shiju Koothupalakkal - Technical Analyst at Prabhudas Lilladher has recommended BUY on NBCC during the December 6th trading session. The analyst suggests BUY for an intraday target price of Rs 109 with a stop loss of Rs 100. There is potential for a 6% upside in NBCC ahead.
However, as per the Trendlyne data, the consensus recommendation from 4 analysts for NBCC (India) Ltd. is SELL. The 1-year average target price is set at Rs 97.25 apiece on NBCC.
NBCC New Order:
As per the regulatory filing, the company's wholly-owned subsidiary, HSCC (India) bagged two orders which are cumulatively worth Rs 599.35 crore.
The first order is of establishment and operations of Hinduhridaysamrat Balasaheb Thackery Aapla Dawakhana in Maharashtra. This order is worth Rs 259.35 crore.
The second award is for establishment of establishment of Radiation Oncology Unit (Radiotherapy Unit) on turnkey basis at District Jalna, Ratnagiri, Baramati and Dharashiv in Maharashtra. This new order is worth Rs 340 crore.
The order was awarded by National Health Mission, Maharashtra.
NBCC has a long history of bonus issues, stock splits and dividend payout.
Dividends: Since August 2012, the company distributed 15 dividends, as per Trendlyne data. In the past 12 months, the dividend payout was Rs 0.63 per share. Currently, it has a dividend yield of 0.36%.
Stock Splits: NBCC has split its shares twice. The first stock split was of a 1:5 ratio in June 2016, where its face value of Rs 10 was cut to Rs 2 each. Further, the second split was 1:2, where the face value of Rs 2 was cut to Rs 1 each.
Bonus Issues: NBCC has carried only one bonus issue that was of 1:2 ratio in February 2017. Meaning, that NBCC distributed 1 free share of existing 2 shares to eligible shareholders.
About NBCC:
Founded in 1960 as a Govt. of India Civil Engineering Enterprise, NBCC with its Headquarter in Delhi, today, holds the status of Navratna CPSE, and has emerged as the undisputed leader in the Construction Sector on the back of its capabilities, innovative approach, adherence to highest standard of quality, timely delivery and a dedicated workforce.
NBCC's areas of operation encompass three (03) Primary Segments namely:
Project Management Consultancy (PMC) : Executing landmark projects in diversified sectors as also Redevelopment Projects for Government.
Engineering Procurement & Construction (EPC): Working in a niche market and constructing Chimneys, Cooling Towers for Power Sector.
Real Estate Development: Developing Residential and Commercial inventories for Governments and the Public at large.
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