10-12% appreciation expected in Nalco over 12-month period: Siddharth Sedani

Siddharth Sedani, Sr Manager (Portfolio Management Services), Microsec Capital Ltd. in an interview with ET Now talks about NALCO.

Your views on Nalco?

Good quality stock to be in but in terms of dilutions, I do not think government would be going for dilution in this stock very soon because there are a lot of stocks in the radar for the government to dilute. So in this front because of only the room of 12%, I do not think government would be in a hurry to dilute in this stock.

But in terms of the stock is into the sector, this entire sector is oversold, prices are correcting very heavily and can expect some correction in terms of non-ferrous metal prices also but if one remains invested for a 12-month perspective, then 10% to 12% of appreciation can be expected in this stock.