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Budget 2023 Stocks: The action of NCC, a giant associated with the civil construction industries, has given a return of 30 percent in the last 3 months. It also hit a new 52-week high on December 14, 2022, but was unable to sustain momentum. Now the stock is ready to recover and may touch the Rs 100 to Rs 105 level in the next one to two months. Experts have advised to buy on it.
If we talk about NCC’s stock price history, although this stock is under pressure in today’s initial trading, it has returned more than 63 percent in the last 6 months. At the same time, his returns in the past year were only about 18 percent. Currently, the stock is at Rs 93.10 and it may record a jump of around Rs 30 in the next two months. Its 52-week high is Rs 96.90 and the low is Rs 52.20.
Also read: This share will cost ₹180, the company will make windfall, profit of ₹804 crore, an expert said: buy
Experts are extremely positive about this stock with a market capitalization of Rs 5,888 crore. A total of 5 of the 11 analysts have given a buy recommendation. Meanwhile, six analysts have a buy rating on NCC. It is prudent to buy it before budget.
Why you should buy infrastructure shares before the Union budget for 2023
Avinash Gorakshkar, head of research at Profitmart Securities, said: “The next Union budget will be the last full budget of the current Union government. Based on its previous budgets, the Modi government is expected to come up with a people-focused budget. “. budget, where special attention will be given to job creation. Because, on the job creation front, the Modi government is under attack from the opposition. Infrastructure is one of the most employment generating sectors after agriculture, it is expected to get special attention in the next budget, it is prudent to buy stocks like NCC, KNR Construction, Cummins India, L&T, etc. before the 2023 budget.”
(Disclaimer: The recommendations, suggestions, views and opinions given by the experts are their own and not those of Live Hindustan. The information provided here is only about the performance of the shares, it is not investment advice. Investing in the stock market is subject to risk and consult your adviser before investing).