NCCB - Sell or Hold

Rajesh Sharma

It is something like a colorful shirt. The same shirt is judged differently by a tailor, a designer, the person who is wearing, a trader, a washerwoman/man, a quality conscious/health conscious person, and external personality observers.
A tailor looks at stitches/ironing/buttons or its make. A designer looks it from design perspective - innovation, style, uniqueness, crafts sensitivity reflections and so on. The person who wears judges it from his/her like/dislike mode - preferred color, design, affordability/price range, durability, feeling fresh/attractive while wearing, etc. A health/quality conscious person looks at the base material such as fine cotton, defect free in manufacturing/stitching etc. A trader looks at selling margin. A washerwoman/man looks at neat and clean side. The external personality observers look at the person's overall personality reflection and suitability in regard to match/mismatch on that person wearing that particular shirt.
Hence, NCCB is different for different persons/investors (short term, medium term, long term)/traders/wild speculators/beginners/share market illiterates/Pundits etc.
For me, I look the company primarily focusing on its image/standing, management credibility, fundamentals, growth prospects, dividend history and worth of its retention. All these I do when I invest. From this perspective for me, NCCB is a sell share. But when I trade, more than anything else I go by current trend, volatility, setting a few assumptions and applying those in context of NCCB. So, from trader's perspective, I may hold it for some time.
Nirmal Pradan group and Jit Bahadur/Laxmi Bahadur group are in constant fight for its management control. NRB intervention will not solve its problem but may bring it to a manageable level.
Hence, Dinesh ji, I have no yes or no reply. You please read this as reference and decide judiciously as you know better who you are, your risk taking environment, your portfolio and your need of selling and options to hold. Please you decide using all available facts, rumors, inputs and trend assessments.
Sorry for this long lecture. I did not plan to write this long, but simply it took its shape - long and lecture note type.
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