NBCC stock falls: Analysts say order book provides revenue visibility

A lower-than-expected performance by NBCC during the March quarter has taken a toll on its share price, which has witnessed a downtrend since November last year. The NBCC stock has lost about 12 per cent after its results, slipping to its 52-week low on Monday. 

Though a strong and growing order book of NBCC had kept investor sentiment firm earlier enabling the stock to trade at rich valuation, with execution and in turn revenue growth not keeping pace as per expectations, NBCC’s share price has corrected, said analysts. The delayed execution impacted the company’s project management consultancy (PMC) segment. Additionally,