NBCC Share Price | Expert advice on multibagger PSU stock, possibility of rise after positive update – NSE: NBCC
NBCC Share Price | Investors' tension increased further on Wednesday when the stock market fell sharply. Market (NSE: NBCC) For the last few days, the stock market has been falling due to profit booking. Meanwhile, stock market experts have given important advice on NBCC Limited Company shares. On Wednesday, October 13, NBCC shares were trading at Rs 89.50, down 4.24 percent. (NBCC Company Excerpt)
Company's second quarter results
NBCC Ltd today reported 52.8 per cent rise in net profit at Rs 125.1 crore for the second quarter. NBCC Ltd reported 19.4 per cent rise in June quarter income to Rs 2,458.7 crore from Rs 2,144 crore. NBCC Limited's EBITDA increased by 4.6% to Rs 100 crore.
Current status of stock
Shares of NBCC Ltd were trading at Rs 89.50, down 4.24 per cent despite positive second quarter results. The 52 week high price of NBCC Limited Company share was Rs 140 and lowest price was Rs 41. At present the total market cap of NBCC Limited Company is Rs 24,170 crore. Based on estimated profits for FY26, NBCC Ltd stock is trading at a P/E multiple of 27x.
IIFL Securities Broking Firm – Positive Signals
IIFL secured broking firm has given positive signals for NBCC stock. According to IIFL secured broking firm, NBCC share has strong support at Rs 96. NBCC share resistance is Rs 98. The 50-day and 200-day moving averages of NBCC India Limited Company are Rs 152 and Rs 142.
Stock gave multibagger returns
NBCC Limited shares have declined 20.95% in last 1 month. NBCC stock has returned 3.27% in the last six months. The stock has given 97.01% returns in the last 1 year. NBCC stock has given 259.01% returns in the last five years. Apart from this, NBCC stock has given 64.01% return on YTD basis.
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