🏗 NBCC Ltd – Long-Term Infra Play with Breakout Setup

🔹 Fundamentals Debt-free, strong cash > ₹700 Cr. 3Y CAGR: Revenue +18.8%, PAT +37%. Management targets: ₹25,000 Cr revenue, ₹2,000 Cr PAT by FY28. Order book expected to cross ₹2 lakh Cr in 2–3 years. 🔹 Valuation CMP: ₹106. FY28 EPS est. ₹7.00. Target Range (FY28): ₹158–₹313 (based on 22–45x PE). Richly valued now, but growth visibility supports case. 🔹 Technicals Pattern: Cup & Handle forming. Support: ₹98 / ₹90. Resistance: ₹112 / ₹129. Breakout above ₹129 → potential move to ₹150–₹160. 🔹 View Strong fundamentals + government backing. Good long-term play; best to accumulate on dips or above breakout. 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. I may or may not be holding a position in the stock mentioned. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.