Question: why nbcc is going down?
Answer: 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. ... The shares of NBCC were trading at Rs 37, down 2.63 per cent.