Expect 20-25% upside in Aditya Birla Nuvo: Hemang Jani

Expect 20-25% upside in Aditya Birla Nuvo, says Hemang Jani, Sr Vice President, Sharekhan.

Jani told CNBC-TV18, "Aditya Birla Nuvo is a conglomerate and has got 4-5 different businesses like manufacturing, insurance, telecom, retail and even some component of the IT. We like this stock because we feel that most of its businesses are doing extremely well including manufacturing."
He further added, "The telecom where it has a substantial investment has started doing extremely well because of tariff revision etc. And the retail business you could have triggers coming from the FDI retailing and management. The recent concall has indicated that they are looking at unlocking a part of the value there."
"We feel that in the recent quarters, the overall growth on a consolidated basis was about 28% and very strong net profit growth. But because of the diversified businesses that it has it is not getting the right kind of valuations. So we think that there is a scope for 20-25% upside in this company."