NDMC is a trading bet, not an investment one: Sandip Sabharwal

In a chat with ET Now, Sandip Sabharwal, asksandipsabharwal.com, shares his view on NMDC.

ET Now: Would you be betting on say for example hypothetically an example that a lot of people give NMDC buy at 9% dividend yield not too much of pressure of debt, some point of time the cycle will reverse a safe bet is it?

Sandip Sabharwal: NMDC 9% dividend yield is historical, one thing we are going to see that.

ET Now: We will see 5% may be.

Sandip Sabharwal: Maybe 4-5%, that is possible for this year but I do not think iron ore is recovering anytime soon. So, anyone who is taking up a bet should take a trading bet. A trading bet is fine, but a longer term bet I do not think it is there.