Nooresh Mirani of AMSEC told CNBC-TV18, "Adani Power is one of our midcap picks. It was sustaining around Rs 33-36 for almost three-four months even when Nifty was being volatile in a very broad range between 5,200 and 6,200. This stock has bottomed out in a big way. Yesterday we saw huge volume tick. This gives us an upside of more than Rs 45 to Rs 50 in the short-term."
"We are looking towards it as a turnaround story and at current levels around Rs 38-37 it would be a buying zone in any dips," he said. Disclosure: He does not have personal position in the stock recommended.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
