Remain invested in NCC, says Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "If you look at the way things have been these last three years, they have not really been the most supportive for companies in the space that NCC is in. Going forward, one actually expects that to improve as things begin to look up or the economy as a whole because these kind of plays are directly linked with that."

"I think from that perspective, for me the stock becomes a hold. I don’t really expect too much of it in terms of valuations from where the stock is currently, maybe you could look at about Rs 105-110. However, things could improve for companies within this space as they get more orders," she added.