Nice summary on the pessimism surrounding the stock:
“Many Public Sector Units (PSUs) have near-monopoly in large and growing sectors. And even as they easily grab big, lucrative orders, they execute at a gnawingly slow pace. And investors, who are often lured by strong revenue visibility to pay a premium, get impatient over time with concerns on the ground work. The stock loses its sheen and analysts don’t cover it, as it becomes a more-of-the-same story. But things change for the better and the giant flywheel picks up momentum. The National Building Construction Corporation (NBCC), a construction project and property development company, is one such PSU.”
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