AB Nuvo can touch Rs 1500: SBICap Securities

Jitender Kumar of SBICap Securities is of the view that Aditya Birla Nuvo can touch Rs 1500 in next six months. “One can buy IVRCL with a target of Rs 70.

Kumar told CNBC-TV18, “Aditya Birla Nuvo has underperformed over the last three years and in the last one month interest has been coming in AB Nuvo. It is one of my top pick and at least 30-40 percent returns for the next six months and I am targeting Rs 1,500 levels in AB Nuvo.”
 
He further added, “I would like to buy IVRCL. This is one of the stocks in infrastructure which is very hot stock and its high beta also so risk is high but I am looking at levels of Rs 70 in IVRCL. So I am looking at Aditya Birla Nuvo and IVRCL.