Book profits in NHPC, says Merani

Nooresh Merani of AMSEC told CNBC-TV18, "NHPC has been volatile in the past. It went up to Rs 24-26 in a brief spurt or even higher. Right now it has been consolidating around Rs 17-18 band and it is not far from 52-week lows. So at current levels, I do not see a lot of downside."

He further added, "Investor can hold on, be patient and look closer to Rs 24-26 to review to book profits or even hold on to the stock. I do not see a lot of downside from current levels. Given the fact that we are seeing a lot of buzz in the smallcap space, this could also catch up in the next few weeks."