Positional Call: Buy NBCC India for an upside of 28%

Rudra Shares And Stock Brokers | Jan. 24, 2019, 12:05 p.m.


NBCC will evolve PMC as a strong business model based on sustainability through a light-asset model that focuses on cost consolidation using low capital expenditures. Going forward, NBCC is also working towards enhancing its brand value while aggressively pursuing high-value projects in domestic and overseas markets. The approval to start construction work in two large redevelopment projects in Delhi is expected to aid execution and revenue growth. With a strong order book pipeline of approx. Rs. 1 lakh crore, Company has been committed to nourish its overall performance. Besides, recent acquisition activity is clouding the earnings outlook, JP group acquisition on the other hand has put up a deep thought.

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