Jun 11, 2017

C & C CONSTRUCTIONS LTD.Buy/Sell/Hold? Short - Mid Term View. Must Read For Delivery Traders

Buy/Sell/Hold? Short - Mid Term View 

Recommendation: Buy
View : Short to Mid Term
Strategy : ?
TargetS: ?
Duration: ?
CMP : 77
The company is active in construction and infrastructure projects of mid sized taking mainly government and private sector contracts.
The company has been clocking about 1000 crore revenue since last five years but the stock was depressed since last 5-6 years due to huge losses on the profit side. The average EPS for the last five years was negative -50 Rs. While the company kind of turned around and decreased its losses by almost 90 percent this year.
The interest outgo has also declined.
The company having its background is likely to get a lot of benefits of the infrastructure, smart city drive and other developmental works by the Modi Government.
On the technical side the the stock was trading between range of 15 and 60 for most of the last 5 years and has just broker out and likely to touch 100 then 140 in about 6 months time.
If the company continue to perform better on the EPS side it could touch its old highs also. However at those levels it will not be any screaming buy which it is now. It was a value buy around 20 levels.

Subscribe to www.meghainvestments.com for proper buy/sell, Stoploss, Target Levels and timely updates regarding actual trading in the recommended stocks. 
This is only a brief commentary; you can contact us for complete research, analysis and view on the stock.
Join one of our services for getting regular trading calls in all segments like equity stock cash intraday, positional, index options, index futures, stock futures, stock options and intraday and positional in all of the segments with high accurate less calls with small stoploss and bigger target with personalized service for tracking your profits/losses with us, that’s what we call assured profit services.
Disclaimer: We or our clients may be holding positions in one or more or all of the stocks recommended by us.
Go check out our site for details or email us or call us for detailed discussion.