Business Business:Today 21st October at 12:00, NBCC India shares are trading at a price of ₹103.95, which is -3.71% lower than the previous closing price. Sensex is trading at ₹80984.19, down -0.3%. The stock touched a high of ₹108.25 and a low of ₹103.8 during the day.
On the technical front, the stock is above 300-day SMA and 5,10,20,50,100 day SMA. SMA Is trading below Rs. The stock will find support at 300 day SMA and face resistance at 5,10,20,50,100 day SMA. The SMA values for the stock are given below:
day simple moving average
5 111.36
10 113.51
20 114.86
50 118.18
100 114.59
300 98.23
Classic pivot level analysis shows that on the daily time frame, the stock has key resistances at ₹109.51, ₹111.0, and ₹112.46, while it has key support levels at ₹106.56, ₹105.1, and ₹103.61.
Overall, according to Mint technical analysis, the stock's continued decline suggests a bearish trend is underway.
From a fundamental analysis perspective, the company's ROE is 19.26%. The current P/E of the stock stands at 67.38.
The average 1-year predicted upside for this stock is 16.31% with a target price of ₹87.00.
The company has 0.00% promoter holding, 5.61% MF holding and 4.05% FII holding, as per October quarter filing.
MF holding has increased from 5.58% in July to 5.61% in the October quarter.
FII holding has declined from 4.11% in July to 4.05% in the October quarter.
NBCC India share price fell -3.71% to ₹103.95 today, while its peers were mixed. Its competitors like IRB Infrastructure Developers, KEC International, Ananth Raj are falling today, but its competitor Brigade Enterprises is bullish. Overall, benchmark indices Nifty and Sensex declined by -0.36% and -0.3% respectively.
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