Company updateBusiness Today
NBCC shares up 19% since October 23; worth buying?
Positive+4
GreyOak summary
NBCC shares rose 19% following a 'Buy' rating from Nuvama Institutional Equities, citing a robust order book and real estate monetisation potential. The broker revised EPS estimates upwards but lowered the target PE multiple to 35x due to monetisation delays, setting a target price of INR120. The company plans to monetise residential projects worth Rs 8,000-10,000 crore in Q4.
What it affects
- NBCC (India)NBCCPositive +4
Shares up 19% on Buy ratingRolling sentiment Neutral +7
Source
Read the original at Business TodayMore NBCC (India) news
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