NYKAA Cup and hndle pattern Breakout Chart

 

Technical Analysis

• Market Cap           ₹ 8,990 Cr.
• Current Price        ₹ 53.5
• High / Low            ₹ 56.5 / 18.2
• Book Value            ₹ -1.00
• Dividend Yield           0.00 %
• ROCE                         21.6 %
• Face Value             ₹ 1.00
• Industry PE               24.3
• Promoter holding      18.6 %
• Pledged percentage   76.8 %
• Debt to equity
• Profit Prev 12M       ₹ 422 Cr.
• EPS                         ₹ 2.85
• EVEBITDA                12.7
• No. Eq. Shares         168Cr.

Weekly chart

About

Hindustan Construction Company Ltd (HCC) is a leading engineering and construction firm in India, renowned for its contributions to infrastructure development. Established in 1926, HCC has played a pivotal role in the construction of a wide range of projects, including transportation systems, power plants, water supply systems, and urban development projects. This overview will cover the company's history, major projects, business segments, financial performance, strategic initiatives, and future outlook.

Monthly Chart

The future outlook for HCC appears promising, driven by several factors:

1. Infrastructure Investment: The Indian government's focus on infrastructure development, including initiatives like Smart Cities and Bharatmala, presents significant opportunities for HCC. Increased investment in transportation, urban development, and renewable energy projects is expected to drive demand for HCC's services.

2. Expansion into New Markets: HCC aims to expand its footprint beyond India by exploring international markets. The company's expertise in executing complex projects positions it well for global opportunities.

3. Innovation and Sustainability: Continued emphasis on innovation and sustainability will be crucial for HCC's long-term success. The company is likely to invest in research and development to stay at the forefront of industry advancements.

Future Outlook

                  Co. is now evaluating bids for projects totaling Rs. 6,900 cr. A bid pipeline worth Rs. 46,440 cr. has been identified for future expansion, and another bid worth Rs. 14,000 cr. is scheduled to be made in Q4FY24.

Pros

• Company has reduced debt.
• FII increases holding sept-2023 to June-2024 over 5.58% to 9.63%

Cons

• Company has low interest coverage ratio.
• The company has delivered a poor sales growth of -7.85% over past five years.
• Promoter holding is low: 18.6%
• Promoters have pledged 76.8% of their holding.