Short term stock/share Recommendation
We are optimistic about the prospects of the NCL Industries as Q2 cement Despatch numbers are quite encouraging in the COVID19 scenario.
Prior to the results just have a look at the background of the company.
NCL Industries Limited is engaged in manufacturing cement. The Company offers ordinary Portland cement (OPC), Portland Pozzolana cement (PPC), OPC 53 S cement, and Plain and laminated Cement Bonded Particle Boards. The Company's segments are Cement, Boards, Prefab structures, Hydel Power, and Ready-Mix Concrete (RMC).
NCL Industries Q2 Results
Q2FY21 cement Despatch is 6.17 lakh tons Vs 3.68 lakh tons in Q2FY20. 68% rise YoY
The Bison board is becoming very very popular. it is possible that Bison will be money-spinner like cement division. Demerger and IPO are possible.
We had recommended this stock to our short term stock recommendation since the time it has started moving from 32 levels. Do remember to check our Best Bank Nifty tips which get you daily profit.