Aditya Birla Nuvo – A stock which remains a top portfolio pick for next 1-3 years and have been strongly advising an accumulate between 850-750.
The stock had been in a range of 700-1000 for last 3 years. Finally the stock has broken out and gives a medium term target price of 1300-1500 and in next 3 years can even be back to 2008 highs.
Now the buying area would be 1070 or lower.
You may read this older post on SOTP valuation of the company which i believe has gone higher by another 20-30% over the last 1 year http://www.nooreshtech.co.in/2012/03/aditya-birla-nuvo-our-top-defensive-pick.html
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