Pick Aditya Birla Capital at around Rs 225-230: Avinnash Gorakssakar

Avinnash Gorakssakar, Market Expert told CNBC-TV18, "Looking at the kind of businesses Aditya Birla Capital owns and the kind of appetite most of the institutions have for this stock, I will not be surprised that after a couple of days when the stocks settles down, there could be a lot of buying witnessed in this counter, so one can definitely look at a price of around Rs 225-230 as a starting buying range for the investor. And one has to keep at least a horizon of at least next 2-3 years. There is definitely scope for value unlocking. But all apart, there could definitely be good upsides from a core earnings perspective also."

"Grasim is the holding company which controls 55 percent and if the investor can actually look at buying a little high priced share, then one can definitely tag on to Grasim because obviously as the upside in Aditya Birla Capital moves up, you are going to see the sum of the parts (SOTP) value for Grasim improving. So definitely Grasim also would benefit once a little more value gets realised from the Aditya Birla Capital stock," he added.