Rekha Jhunjhunwala inherited a valuable stock portfolio from her late husband Rakesh Jhunjhunwala, the ace investor who was often referred to as the 'Big Bull'. Rekha Jhunjhunwala publicly holds 26 stocks with a net worth of over Rs 31,875.4 crore, according to the latest Trendlyne data
NCC is one of the multibagger stocks that the Indian stock market has produced in the last one year. This Rekha Jhunjhunwala portfolio stock has been in uptrend for the last one year and it has risen from around Rs 55 to Rs 155 levels since July 2022. The infrastructure stock bounced back strongly in post-Covid rebound after bottoming out at Rs 17 apiece levels in April 2020
NCC share price appreciated from Rs 17 to Rs 95 apiece levels in post-Covid rebound and delivered 450% return to long-term investors in next one year. However, profit-booking triggered in this Rekha Jhunjhunwala stock at Rs 95 levels, and it fell towards Rs 55 per share levels by end of June 2022. It started rising again in July 2022 and has been continuing its uptrend since then hitting a new 52-week peak of Rs 160.90 per share in a recent session
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By surging from around Rs 55 to Rs 160 apiece levels in nearly one year, this Rekha Jhunjhunwala portfolio stock has delivered around 150% return to its long-term positional investors in the last one year
According to NCC shareholding pattern for April to June 2023 quarter, Rekha Jhunjhunwala holds 7,05,80,932 NCC shares or 11.24% stake in the company. In January to March 2023 quarter, she held the exact same, meaning Rekha Jhunjhunwala remained steady in this infrastructure stock during April to June 2023 quarter
This Rekha Jhunjhunwala-owned stock NCC is favourite of mutual funds as well. As per the shareholding pattern of June 2023 quarter, mutual funds like Bandhan Sterling Value Fund owned 2.91% stake in this multibagger stock, Tata Business Cycle Fund held 1.01%, whereas ICICI Prudential mid-cap and large-cap funds owned 2.93%. Overall mutual funds own 9.41% stake in this multibagger stock
In terms of technicals, NCC shares have PE TTM of 15.8, below the industry median. It has a 1-year beta of 0.82, implying low volatility. In the last one year, NCC stock price rose 153.1%, and outperformed its sector by 108.2%. The company has a healthy debt to equity ratio of 0.2, implying that its assets are financed mainly through equity
NCC's Return on Equity (ROE) for the last financial year was 9.9%, less than 10%, indicating an inefficient use of shareholder's capital to generate profit. Its Price to Earning Ratio is 15.7, lower than its sector PE ratio of 49.3. The stock is currently trading above its 5-day, 10-day, 20-day, 50-day, 100-day, 200-day EMA
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