Experts give ‘buy’ tag to this construction co stock in Rakesh Jhunjhunwala portfolio

The Big Bull and his wife Rekha Jhunjhunwala holds 12.84 per cent NCC shares out of which, Rakesh Jhunjhunwala holds 10.94 per cent of the company shares while his wife Rekha Jhunjhunwala holds 1.90 per cent company shares.

However, due to the rise in Covid-19 fresh cases, construction work has got hit and in coming times company may have to face shortage of construction workers due to migration of workers to their native place in the wake of lockdown imposed in certain parts of India.” However, Gorakshkar said that such sentiments are temporary and once the Covid-19 comes under control, market will certainly rebound and in that case NCC share price will showcase sharp northward trend.

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