Buy Aditya Birla Nuvo: Mohinder

Rahul Mohinder, Technical Analyst at viratechindia.com is of the view that one could buy Aditya Birla Nuvo with medium to long term perspective.

Mohinder told CNBC-TV18, "I would like to buy Aditya Birla Nuvo. One could buy for a medium to long-term and I think the target on this would be Rs 1,050. Of course one would need to wait on for 2-3 months for this call to get to these targets. From a short-term standpoint, Rs 950 is very achievable probably even in 2-3 weeks. A stoploss which should be applied is Rs 890. In fact last week on the stock we saw very strong price breakout even the volumes from previous week have been phenomenal and I think the stock is ready to go from here."