NBCC India shares rose 0.49%
Business Business: Today 16 October at 16:01 hrs, NBCC India shares are trading at ₹113.15, up 0.49% from previous close. Sensex is trading at ₹81501.36, down -0.39%. The stock has touched a high of ₹113.65 and a low of ₹111.55 during the day.
On the technical front, the stock is trading above 300 day SMA and below 5,10,20,50,100 day SMA. 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
5 115.15
10 115.78
20 116.07
50 118.43
100 114.08
300 97.29
Classic pivot level analysis shows that on the daily time frame, the stock has major resistances at ₹113.76, ₹114.77, and ₹115.88, while it has major support levels at ₹111.64, ₹110.53, and ₹109.52.
As of 4 PM today, the trading volume for NBCC India on NSE and BSE was -85.36% lower than the previous trading session. Trading volume is an important indicator along with price to study trends. Positive price movement with high volumes indicates a sustainable uptrend, and negative price movement with high volumes may indicate a further decline in prices.
Overall, as per Mint technical analysis, the continued decline of the stock suggests that a bearish trend is in play.
From a fundamental analysis point of view, the company’s ROE is 19.26%. The current P/E of the stock is at 70.31.
The average 1-year forecasted upside in this stock is 23.11% with a target price of ₹87.00.
The promoter stake in the company is 0.00%, MF stake is 6.38% and FII stake is 4.43%, as per June quarter filings. MF stake has declined from 6.95% in March to 6.38% in June quarter. FII stake has increased from 4.33% in March to 4.43% in June quarter. NBCC India share price is trading 0.49% higher at ₹113.15 today while its rival stocks are trading mixed. Its rival stocks like KEC International are trading lower today but rival stocks like IRB Infrastructure Developers, Brigade Enterprises, Anant Raj are trading higher. Overall, the benchmark indices Nifty and Sensex are down by -0.34% and -0.39% respectively.
