NBCC Bonus share issue full details| Eligibility,Next target?
Guys Once Again Welcome Back to the new blog Today in this post we are going to discuss about NBCC India Limited Share Price.
A lot of comments were coming in this regard due to which there has been a huge decline in the stock and the stock of 209 Had made a high within this week, from there the stock declined and closed at 186. In the last day session itself, the stock has given us a decline of 4.5. In such a situation, the question arises whether the stock will return to its level of 209. Will he be able to do it or not, then first we come to know about this. Look at the good news, here a big announcement has come, as we all know that it is our month of August, so the result of the board meeting was to come today on 31st, Bonus issue. Their decision regarding this was that the bonus has been announced here in 1:2 i.e. if you have two shares then you will get a bonus on top of that i.e. if you have 200 shares then on top of that you will get 100 shares free. In this way, you will have a total of 300 shares of this company, however, your share price will also be adjusted accordingly, so you will not get the benefit of the B issue, but over the time when the stock will adjust to the B issue price. From there, when the stock will recover back to 200 again, then you will definitely benefit. At the board meeting on Saturday, today the board meeting was on Saturday, so it approved the issue of bonus issue in the ratio 1:2 which is the share holder will receive. One ratio one bonus share for every two shares i.e. what will you get on top of two shares, one share will be free. It has been fixed 7th October as the record date to determine the eligibility of members to receive the bonus issue i.e. till 6th October also you will have enough There is time, it is not that right now you have to hit high on Monday, it is not that you have a lot of time, you can easily do it easily for a month, you will have full time, you can create a position in it whenever you want, whenever you get a chance in it. This was the big update to get entry in the fall. Now the question comes that after this, what will be the next price action in the stock? Now look at what the company has given to us till now. This is the first true proposal. Considering after 2017 which the company had declared and two bonus issue as well, even before this the company had given you a bonus of 1.2 in the same manner, now see after 2017, today it is going on 2024, see the price of 2017, compare it with today’s price.
Now compare, now on 6th and 7th October, the price of the stock will be adjusted, let us assume around October, the price of the stock which is currently running at Rs 200, let us assume it will come to around Rs 140 after adjustment. Because of the bonus issue, there will be a potential in the stock that the stock has the potential to come back to Rs 200 plus, then the actual benefit you will get will be the price gain. You have also got a bonus issue, it means what has the stock given you now? The stock has given dividend. Now what to do in the stock, so for that we go to the technical chart, for this we have come, look at its technical chart, why did the stock rise in the first place?
Why did the stock rise so much? The reason behind why the stock hit the high of Rs 209 was that the Supreme Court has given it a definite clear note for the Rs 15000 crore project of Amarpali, the benefit of which it will get in the future, due to which the stock gained momentum. The volume was also very high in the stock, you see the volume which is almost around 30 crores, it was traded on NSC alone, that is, this candle was formed inside the stock along with the volume, so now you will see here in the stock, if you see it is quite Well, there is support in the stock, before this the registration for the stock used to be 175, now it is working as a support for the stock, even before this the stock was falling and came around this support and in one day the stock gave you 209. If we show a new life high then what to do now, see the closing is at 186. If Monday session onwards gives you a chance to support the stock around 175, then from here we can try by placing a small stop loss which the stop is at 160. If it remains below ₹ 1 then it is better if the stock gets ₹ 1011 and below the current level, otherwise if there is a gap up, if we assume that the stock opens above ₹ 200 then it will be a different case but the breakout is confirmed for the stock. This will happen only when the stock will come in breakout stock from here, when the stock will give us closing above 200, watch live when the stock of 209 had made high in the market, on that day also it is necessary for you to close above instagram2, testing of 209 is going on. It’s okay but closing is important. Closing stock has not given even a single day above 200 till now. So what is the biggest trigger in front of us now? We need closing above 200 so we hope that in the coming week the stock will close above 200.
Come out and give us the closing. As soon as the stock closes above 200, then what will be its next face resistance support, for that we will give you fresh updates. For now, that’s all in this video. Thank you so much.
