Multibagger Stock: In five years, the share of 1113% returns was cheaper, Rekha Jhunjhunwala has put a big bet

New Delhi. Multibagger Stock included in Rekha Jhunjhunwala’s portfolia NCC Limited has fallen by 24 per cent so far in 2025. In the last three years, the share price of 254% in the last three years and 1113.58% bumper profit in five years has been down 9.66% in a year. After the recent correction, brokerage firms now find the valuation of NCC Limited share attractive. This is the reason that many brokerage firms are looking forward to earning from this share in the coming time.

Rekha Jhunjhunwala had 6.67 crore shares of NCC Limited or 10.63% in the December 2024 quarter. NCC Limited has long been in Jhunjhunwala’s portfolio. On Friday, NCC shares closed at ₹ 209.10 (NCC Share Price), which remained close to the previous day’s closed price ₹ 208.60. The company’s market cap is ₹ 13,128 crore. The Relative Strength Index (RSI) of NCC Limited Share shows 59.2 that the stock has neither been purchased nor sold.

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Brokerage opinion
According to ICICI Securities, the short-term correction of NCC stock may end soon. Brokerage has started coverage on this stock and has a target price ₹ 239. According to brokerage, NCC has a strong experience of project execution in the building segment. The company’s annual revenue growth rate (CAGR) was 16% during FY 2018-24 and the Ebitda margin remained at a stable level of 9-10%. By September 2024, the company had an order backlog of ₹ 52,400 crore. However, due to the problems related to the payment, the company’s working capital increased to 95 days in the third Timaji of 2025, which was 52 days in FY24.

Axis Securities have kept the target price of NCC ₹ 213. Brokerage believes that the company has a strong order book of ₹ 55,548 crore, which is likely to increase revenue for the next 2-3 years. ICICI Direct Research has given the NCC ‘bye’ rating and has given the target price of ₹ 265. Brokerage believes that execution can improve due to strong order books in building construction, roads, water, mining and electric fields.

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