Prefer NCC: Devang Mehta

Devang Mehta, Sr VP & Head-Equity Advisory at Anand Rathi Financial Services told CNBC-TV18, "We have been quite bullish on NCC since it was around Rs 30-35 and after seeing the numbers for this quarter, the stock has seen some correction but the numbers were actually excellent. The net debt to equity ratio on the gearing is somewhere around 0.6 percent which is again at a multi-year low. The company has shown good bit of margins as well as the order-booking for the company has also been quite great. In fact the capacity to seek new orders has also increased drastically."

"We feel that the correction in the stock of about 15-20 percent that we have seen in the past two to three days has to be utilised," he said.