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    Hold NCC, target price Rs 65: ICICI Direct

    Synopsis

    NCC Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 3750.56 Crore) operating in Construction sector.

    iStock
    Promoters held 19.7 per cent stake in the company as of Sept 30, 2020, while FIIs held 9.8 per cent, DIIs 12.2 per cent and public and others 58.3 per cent.

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    ICICI Direct has hold call on NCC with a target price of Rs 65.0. The current market price of NCC is Rs 61.25.
    NCC Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 3750.56 Crore) operating in Construction sector.

    Financials
    For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 1708.32 Crore, up 31.65 % from last quarter Sales of Rs 1297.60 Crore and down -11.86 % from last year same quarter Sales of Rs 1938.28 Crore Company reported net profit after tax of Rs 69.74 Crore in latest quarter.

    Promoter/FII Holdings
    Promoters held 19.7 per cent stake in the company as of Sept 30, 2020, while FIIs held 9.8 per cent, DIIs 12.2 per cent and public and others 58.3 per cent.
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