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Three Reasons Rakesh Jhunjhunwala May Have Raised Stake In NCC
The NCC stock has surged 2.75 times since March 24 compared with a 33-125% gain in peers.
08 Dec 2020, 02:26 PM IST
NCC Ltd., a construction firm whose shares have surged the most among peers since the March lows, received another validation. Billionaire investor Rakesh Jhunjhunwala recently increased his stake in the builder of roads to power transmission lines.While Indian equity benchmarks have erased pandemic-driven losses since March lows, NCC's stock has more than doubled during the period. And it has outperformed peers such as Ahluwalia Con...
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