Offer NCC, target Rs 96: Manas Jaiswal

INSUBCONTINENT EXCLUSIVE:
Manas Jaiswal of manasjaiswal.com has a sell call on NCC Ltd
with a target price of Rs 96
The current market price of NCC Ltd
is Rs 102.6 Time period given by the analyst is Intra Day when NCC Ltd
price can reach defined target
Manas Jaiswal recommended to keep stoploss at Rs 105.5
NCC Ltd., incorporated in 1990, is a midcap company with a market cap of Rs 6162.63 crore
NCC Ltd
key Products/Revenue Segments include Income From Contracts which contributed Rs 7880.27 Crore to Sales Value (99.85 % of Total Sales) and
Other Operating Revenue which contributed Rs 11.81 Crore to Sales Value (0.14 % of Total Sales)for the year ending 31-Mar-2017
For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 2394.79 Crore, up 29.40 % from last quarter Sales of Rs
1850.69 Crore and up 11.94 % from last year same quarter Sales of Rs 2139.42 Crore Company has reported net profit after tax of Rs 102.71
Crore in latest quarter
Mr.Hemant M Nerurkar, Mr.J V Ranga Raju, Mr.R V Shastri, Mr.S Ravi, Mr.Utpal Sheth, Mrs.Renu Challu
Company has M Bhaskara Rao Co
as its auditoRs As on 31-03-2018, the company has a total of 600,646,588 shares outstanding