Jagannadham Thununguntla of SMC Global Securities is of the view that one may accumulate NMDC on every dip.
Jagannadham Thununguntla of SMC Global Securities told CNBC-TV18, " NMDC will play a very crucial role in reviving the economy hopes. The stock is still under valued, it has a long way to go. Use every dip to keep accumulating to your portfolio. I feel that these are that kind of stocks which makes more sense not to trade than to hold for medium-term to long-term kind of perspective."
At 14:02 hrs NMDC was quoting at Rs 166.05, up Rs 4.15, or 2.56 percent. It has touched an intraday high of Rs 167.50 and an intraday low of Rs 162.80.
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