Hold onto NMDC stocks: Seshadri Bharathan

In an exclusive interview with ET Now, Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, talks about NMDC. Excerpts:

What's the call on NMDC?

If you look at the present business, definitely the future business looks very attractive but at this point of time if you look at the news flows from NMDC, they have increased the annual fine prices. They have renegotiated the iron ore contract prices with the South Korean and Japanese companies. They have increased price by more than 15%, so sense is that investors should hold onto this stock.