Question: why nbcc share price down?
Answer: PEER COMPANIES Shares of state-owned construction company NBCC (India) fell in Tuesday's session after Bank of America Merryl Lynch (BofAML) downgraded the stock and cut its target price. BofA-ML cut ratings on NBCC to 'underperform' from 'buy' earlier. It also reduced the target price to Rs 33 from Rs 47 per share.