PN Vijay positive on NMDC

PN Vijay, Portfolio Manager, askpnvijay.com is positive on NMDC from long term perspective.
 
Vijay told CNBC-TV18, “I still hold a positive view on NMDC especially at this level because of two reasons. One is the high quality of ore that these people mine and the margins being one of the highest in the world.”
 
He further added, “Both the export demand coming out of China and other markets also would improve and the government restrictions on ore exports would also slightly go away, they are already going away and then various courts are getting a more relaxed attitude. So I think on the macro also things are more favorable. It is an excellent company with high cash levels and high margins and quite profitable. So I would be on a long-term basis quite positive on the stock.”