InvestorQ : I have bought shares of NBCC @ 38.15 Qty 4100 shares. Kindly advice on the future price of this share.
Srikanth M made post

I have bought shares of NBCC @ 38.15 Qty 4100 shares. Kindly advice on the future price of this share.

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Dhwani Mehta answered.
1 year ago
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The stock of NBCC is surely down sharply from the elevated levels but the entire construction activity appears to have come to a halt. With its finances stretched, the government is also going slow on most of its infrastructure and construction projects. In addition, NBCC has also taken up the completion of the unfinished project of JP Infra and demand scenario is still quite uncertain. The slowdown and the lockdown are likely to be an overhang on the stock. For now it is better to stay on the side lines. Of course, in this case, since your price is quite attractive, you can hold on. However, stock price traction is likely only when the construction activity once again picks up. You can look add some more at Rs.18 and reduce your average cost.

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