On 29th October 2024, NBCC India witnessed a decline in its share price, falling by -1.34%. The stock opened at ₹94.55 and closed at ₹92.05, showcasing notable price fluctuations throughout the trading session.
| Table of Contents |
|---|
| Stock Performance |
| Market Comparison |
| Trading Volume & Financial Indicators |
| Shareholding Pattern |
| Overall Market Trend |
Stock Performance
During the trading day, NBCC India stocks experienced a high of ₹95.25 and a low of ₹91.15. At 13:00, the stock was still trading at ₹92.05, reflecting a drop of -1.34% from its previous closing price. Furthermore, the stock has been trading below both short-term (5, 10, and 20-day) and longer-term (50, 100, and 300-day) moving averages, indicating a bearish trend.
Market Comparison
In comparison to the overall market, the benchmark Sensex was trading at ₹80005.27, with no significant change (0%). Analysis of the resistance and support levels for NBCC India reveals that crucial resistance levels are at ₹96.81, ₹100.2, and ₹106.0, while support levels are identified at ₹87.62, ₹81.82, and ₹78.43. These levels are vital in understanding potential price movements in the near future.
Trading Volume & Financial Indicators
On 29th October, the trading volume for NBCC India reflected a significant downturn, with volumes on both the NSE and BSE decreasing by -69.58% compared to the previous session. Financially, the company shows a Return on Equity (ROE) of 19.26% and a Return on Assets (ROA) of 3.23%. The current Price-to-Earnings (P/E) ratio stands at 58.23, suggesting that the stock is relatively expensive compared to its earnings.
Analysts predict a median one-year forecasted upside of 5.49% for the stock, with a target price of ₹87.00. This suggests that despite the current decline, there is a moderate expectation of recovery in value in the coming year.
Shareholding Pattern
Understanding the shareholding structure of NBCC India gives further context to its market performance. As of the October quarter, promoter holding stands at 0.00%, while mutual fund (MF) holding is at 5.61%, and Foreign Institutional Investor (FII) holding is at 4.05%. Interestingly, peer stocks, such as Brigade Enterprises and Anant Raj, are experiencing declines, while stocks like KEC International and Kalpataru Projects International show upward movement, indicating varied trends within the sector.
Overall Market Trend
As for the overall market, benchmark indices Nifty and Sensex saw varied performance on 29th October, reporting a slight decrease of -0.15% and a steady 0% respectively. The day’s trading activity suggests a cautious approach from investors, with movements reflecting current economic conditions and market sentiment.
FAQ
Q: What was the share price of NBCC India on 29th October 2024?
A: The share price of NBCC India was ₹92.05, down by -1.34% from the previous closing price.
Q: What are the support levels for NBCC India shares?
A: The support levels for NBCC India shares are at ₹87.62, ₹81.82, and ₹78.43.
Q: How does the P/E ratio of NBCC India compare to other stocks?
A: The current P/E ratio of NBCC India is 58.23, indicating it is relatively expensive compared to earnings, which investors should consider when making buying or selling decisions.
