NBCC - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

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Technical Rating: 4.3

Technical Analysis Summary

• Trend: Trending upward with strong momentum
• Moving Averages: Price (₹117) is above DMA 50 (₹111) and DMA 200 (₹106), confirming bullish bias
• RSI (62.2): Bullish zone, nearing overbought territory
• MACD (1.67): Positive crossover, supporting continued upside
• Bollinger Bands: Price near upper band, indicating strength but potential short-term resistance
• Volume: Slightly below average, suggesting cautious optimism

Entry & Exit Zones

• Support: ₹110 – ₹112 (DMA 50 and recent base)
• Resistance: ₹130 – ₹132 (recent high zone)
• Optimal Entry: ₹112 – ₹115 on pullback with MACD strength
• Exit Zone: ₹130 – ₹132 if price stalls near resistance

Positive

• Strong ROCE (32.1%) and ROE (24.1%) indicate solid financial performance
• Zero debt and consistent dividend payout
• EPS of ₹1.87 and price up 77.9% over 52 weeks
• Positive FII sentiment (+0.35%)

Limitation

• High P/E of 55.3 vs industry average of 22.1
• PEG ratio of 2.00 suggests overvaluation
• Quarterly profit decline (₹208 Cr. to ₹114 Cr.)
• Negative DII sentiment (-0.26%)

Company Negative News

• Concerns over project execution delays and margin pressures in government contracts

Company Positive News

• Strong order book and strategic wins in redevelopment and infrastructure projects
• Improved operational efficiency and asset monetization initiatives

Industry

• NBCC operates in the construction and infrastructure development sector
• Peers include IRCON, Engineers India, and NCC Ltd

Conclusion

NBCC is currently trending upward with bullish technical indicators and strong fundamentals. While valuation metrics suggest caution, momentum and institutional interest support a positive outlook. Traders may consider entry near ₹112 with targets around ₹132, watching RSI and volume for signs of exhaustion or breakout strength.