Hold NBCC, advises Simi Bhaumik

Simi Bhaumik of simibhaumik.com told CNBC-TV18, "NBCC is showing strength on its long-term parameters. Although short-term chart is not that attractive but it is actually range bound. The stock is not showing any downtrend. I think the major support is there between Rs 910 and Rs 885. Unless at least these levels are broken one should hold position. In fact I would add more. If this stock were to go to Rs 910-885 range, this stock may generate good return going forward.""One disclaimer is also there I had recommended this stock to my clients. I am expecting NBCC to move towards Rs 1,100 over a longer term at least. So, from my side this stock should be held in the portfolio. If one gets it at some dip then one can buy also in this stock. So, from my side it is purely a buy or a hold for sometime," she said.