NCC Limited: A Great Success Story amidst Stock Market Corrections!

Background for NCC

NCC Limited is trying to establish a strong foothold in the “Construction & Engineering” sector or industry. It started out under the name “Nagarjuna Construction Company Limited” as a Construction company and as of today, they have managed to make significant contributions through good infrastructure projects. The brand is now known as “NCC Limited” since they have created a niche for themselves in Realty, BOT and international businesses using their Construction experience of more than 3 decades. You can access all information about this company at: NCC Limited Official Website

BSE Id for NCC – 500294
NSE Id for NCC – NCC

Current scenario for NCC

• Latest NCC Quarterly Results

It has managed to achieve a turnover of Rs.2284.43 Crore (including all other income) for the 2nd quarter of 2014 as against Rs.1371.57 Crore in the corresponding quarter of the previous year (2013), thereby, recording a growth of around 67%. It is known to report earnings (without interest, taxes & depreciation) of Rs.181.47 Crore and a Net Profit of about Rs.22.12 Crore in comparison to Rs.100.17 Cr and Rs.5.17 Cr reported respectively last year (in the same quarter) by registering a growth of 81% in EBIDTA.

• Last Dividend Announcement

In July 2014, NCC Ltd made a dividend announcement of Rs. 0.20 per share.

Arvind Bajaj’s views on NCC

I entered this stock at 55 levels in November 2014 and in a month’s time I have managed to gain significant profits with the share price touching higher levels in December 2014. The stock has been accumulated recently by several mutual funds as the company’s management has taken some good measures to sort out all issues plaguing them. In fact, VAN ECK VIP Emerging Markets fund bought approximately 38,09,668 NCC shares recently.The company seems to be on its growth path and despite selling some shares to earn profit, I am still holding around 50% of my NCC shares.

My Personal Expected Levels for NCC – Rs.92 and beyond (as predicted in November 2014)

NOTE: The above information is purely my personal take / view on NCC Ltd based on my analysis. I am not a certified Stock Analyst or Stock Broker or Research Analyst. Readers are advised to perform their own analysis and consult any authorized research analyst or financial advisor before taking their investment decision.

Arvind Bajaj

I am Arvind Bajaj, primarily a renowned textile business man from Surat, Gujarat. I am a big follower of my life coach Dr.Sneh Desai and his preachings along with Money matrix book has had a big influence on my life. My daily dose of motivation to achieve bigger things in life comes from reading “The Secret” book and watching “The Secret” movie.