Recommend to be cautious with NBCC: Jagdish Malkani

In a chat with ET Now, Jagdish Malkani, Member, NSE & BSE, shares his views on NBCC.

ET Now: NBCC, lots of potential in terms of the long term?

Jagdish Malkani: Well, it has been very much in the news. It is clearly as part of the Prime Minister’s smart cities initiative and generally lot of urban renewal stuff.

This company is well placed to get a lot of the government work and it is obviously well run. Apparently, it is a good three-four years, equivalent of an annual thing.

It has been very much in the media, so that gets my antenna up somewhat. But who knows, it is turbo charged, it has got strong backers, etc, but I would be cautious as usual.