This PSU stock zooms 13%, hits 52-week high. Here's why
Thu, Sep 14, 2023 11:21 AM

This PSU stock zooms 13%, hits 52-week high. Here's why

A Flip by Bhavya Sabharwal
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NBCC (India) rallied 13% to hit a 52-week high of Rs 63.6 on Thursday, after signing an MoU with MoS, RINL, & NLMC for monetization of non-core assets and receiving orders worth Rs 180 crore. The firm has surged 50% YTD and 80% in the last year. However, analysts have a 'Sell' rating on the stock with average target price of Rs 41, offering 35% downside. 

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