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NESCO Consensus Forecast

No. of reports in last year
4
No. of analysts
3
Average Consensus Forecast
735.75
Consensus Potential
16.46%

NESCO Price Target Potential

BrokerageTargetPotential
Nirmal Bang80824.56%
ICICIdirect.com74518.18%
East India Securities Ltd6313.40%

NESCO Targets in FrontPage Forums

2 Users have submitted 2 trade ideas of Rs. 50,791.5 for NESCO
100% Bullish
0% Bearish
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NESCO Ratings

Long term NESCO rating by FrontPage users
5/5 (4 Ratings)

4 NESCO share price target reports by brokerages below. See what is analyst's view on NESCO share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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NESCO Share Price Target

NESCO Share Price Target - Broker Reports - 2021

19-Mar-21
Price @ Call: 548.25
Target: 808
BUY
19-Feb-21
Price @ Call: 600.1
Target: 745
BUY

NESCO Share Price Target - Broker Reports - 2020

13-Nov-20
Price @ Call: 510.3
Target: 759
BUY
28-Sep-20
Price @ Call: 564.42
Target: 631
ACCUMULATE
21-May-20
Price @ Call: 395.9
Target: 769
BUY
Our TP of Rs769 for NESCO is NAV based using SOTP valuation. Our valuation is driven by the restructuring of the NESCO IT Park, increase in rentable space of BEC and the expected increase in rental rates. Our optimism is supported by a healthy balance sheet, consistently positive free cash flow and management’s growth-oriented focus (with expansion of the flagship business over the next 20 years).
... Read more
12-May-20
Price @ Call: 408.41
Target: 769
BUY
If we assume no contribution from BEC and Food & Catering businesses to NAV, which constitute 28% of the NAV, we find that the target price reduces from Rs769 currently to Rs475, which is 15% above the current market price (CMP). Thus, we remain bullish on the stock and see no need to assign a discount to NAV. We retain our BUY rating on NESCO with a revised target pric
... Read more
24-Mar-20
Price @ Call: 430.14
Target: 931
BUY
In the wake of the slowdown expected in the BEC business, we have revised our FY21 occupancy estimates for BEC from 32% earlier to 25%. In the worst case scenario, if we assume no contribution from BEC and Food & Catering businesses to NAV, which constitute 26% of the NAV, we find that the target price reduces from Rs931 currently to Rs688, which is 70% above the current market price (CMP). Thus, we remain bullish on the stock and see no need to assign a discount to the NAV. We retain our BUY rating on NESCO with a revised targ
... Read more
17-Jan-20
Price @ Call: 711.65
Target: 937
BUY
Our TP of Rs937 for NESCO is NAV based on SOTP valuation. Our valuation is driven by the restructuring of the NESCO IT park, increase in rentable space of BEC and the expected increase in rental rates. Our optimism is supported by a healthy balance sheet, consistently positive free cash flow and management’s growth-oriented focus with expansion of the flagship business over the next 20 years. We have maintained Buy rating on NESCO with a TP of Rs937 based on Sep FY22E NAV.
... Read more

NESCO Share Price Target - Broker Reports - 2019

13-Nov-19
Price @ Call: 604.95
Target: 937
BUY
Maintain Buy with a TP of Rs937: Our TP of Rs937 for NESCO is NAV based on SOTP valuation. Our valuation is driven by the restructuring of the NESCO IT park, increase in rentable space of BEC and the expected increase in rental rates. Our optimism is supported by a healthy balance sheet, consistently positivefree cash flow and management’s growth-oriented focus with expansion of the flagship business over the next 20 years. We have maintained Buy rating on NESCO with a TP of Rs937 based on Sep FY22E NAV.
... Read more
7-Aug-19
Price @ Call: 528.63
Target: 782
BUY
Maintain Buy with a TP of Rs782:
Our TP of Rs782 for NESCO is NAV based on SOTP valuation. Our valuation is driven by the restructuring of the NESCO IT park, increase in rentable space of BEC and the expected increase in rental rates. Our optimism is supported by a healthy balance sheet, consistentlypositive free cash flow and management’s growth-oriented focus with expansion of the flagship business over the next 20 years. We have maintained Buy rating on NESCO with a TP of Rs782 based on FY21E NAV.
... Read more
7-Aug-19
Price @ Call: 537.25
Target: 650
BUY
At the CMP, Nesco is trading at 21x FY19 EPS. We like Nesco, given the prudent management pedigree, steady & planned expansion across verticals funded largely through internal accruals and niche profitable business model. Hence, we maintain BUY on the stock with a TP of Rs 650/share.
... Read more
2-Aug-19
Price @ Call: 538.24
Target: 782
BUY
We have maintained our Buy rating on the stock with a revised target price (TP) of Rs782 (Rs764 earlier). Our valuation is driven by the restructuring of the NESCO IT park, increase in rentable space of BEC and the expected increase in rental rates. The upward revision of TP is due to: (1) Increase in the area to be constructed for the new Tower 2 and (2) Changes in cost of equity to 14.5% (earlier 16.1%) and capitalization rate to 8.5% p.a. (earlier 10.2%).
... Read more
27-May-19
Price @ Call: 489
Target: 764
BUY
Our valuation is driven by the restructuring of NESCO IT park, increase in rentable space of BEC and the expected increase in rental rates. Our optimism is supported by a healthy balance sheet, consistently positive free cash flow and the management’s growth-oriented focus with expansion of the flagship business over the next 20 years. We have retained Buy rating on NESCO with an unchanged target price of Rs764 based on FY21E NAV. We will be revising our estimates shortly.
... Read more
18-Feb-19
Price @ Call: 430.95
Target: 764
BUY
NESCO reported a net profit of Rs420mn for 3QFY19, down 4.1% YoY and 13.1% QoQ. The decline in earnings was because of: 1) Weak revenues of BEC (Bombay Exhibition Centre), down 6.7% YoY and 20% QoQ to Rs370mn. 2) Hospitality segment’s revenues at Rs69mn were down 23.7% QoQ. 3) Other expenses increased 65.3% YoY and 23.5% QoQ to Rs258mn. We have retained our Buy rating on NESCO with an unchanged target price of Rs764 based on FY21E NAV.
... Read more

NESCO Share Price Target - Broker Reports - 2018

18-Dec-18
Price @ Call: 443.23
Target: 764
BUY
29-Aug-18
Price @ Call: 496.92
Target: 670
BUY
23-Aug-18
Price @ Call: 501.1
Target: 768
BUY
10-Aug-18
Price @ Call: 512.87
Target: 745
BUY
26-Feb-18
Price @ Call: 596.4
Target: 794
BUY

NESCO Share Price Target - Broker Reports - 2017

24-Nov-17
Price @ Call: 541.5
Target: 611
BUY
10-Oct-17
Price @ Call: 540.95
Target: 755
BUY
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  • NESCO Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3631.17
    Upside Target 2624.53
    Upside Target 1613.42
    Pivot606.78
    Downside Target 1595.67
    Downside Target 2589.03
    Downside Target 3577.92
  • NESCO Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3682.92
    Upside Target 2665.93
    Upside Target 1634.12
    Pivot617.13
    Downside Target 1585.32
    Downside Target 2568.33
    Downside Target 3536.52
  • NESCO Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3760.3
    Upside Target 2701.05
    Upside Target 1653.5
    Pivot594.25
    Downside Target 1546.7
    Downside Target 2487.45
    Downside Target 3439.9
  • NESCO Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3624.53
    Upside Target 2617.75
    Upside Target 1613.56
    Pivot606.78
    Downside Target 1600
    Downside Target 2595.81
    Downside Target 3589.03
  • NESCO Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3665.93
    Upside Target 2647.29
    Upside Target 1635.77
    Pivot617.13
    Downside Target 1598.49
    Downside Target 2586.97
    Downside Target 3568.33
  • NESCO Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3701.05
    Upside Target 2660.25
    Upside Target 1635.05
    Pivot594.25
    Downside Target 1553.45
    Downside Target 2528.25
    Downside Target 3487.45
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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