Hold NALCO, may touch Rs 100: Vijay Chopra

Vijay Chopra of enochventures.com told CNBC-TV18, "I think National Aluminium Company (NALCO) should settle down around Rs 70-75 levels and cool off from here. My expectation is very good over a period of time, if somebody holds Nalco with a longer term perspective, maybe five years, I think that this stock has the potential of going up to even Rs 200. However, even with 8-12 month perspective, I think that Rs 90-100 is quite possible on the stock."

"I would recommend that one should hold on to the stock, stay patient for some time and once the market turns and we will see the commodity cycle reviving very soon because this is a normal correction after a decent run. We have seen rallies in copper, in nickel, in aluminium, in lead. So all the metals have risen considerably and maybe a 10-15 percent correction is quite required also after such a run."

"So, hold on to the stock, no worries at all and I see the stock going at Rs 90-100 and with a longer term perspective I recommend a target of Rs 200 if somebody holds for a four-five year perspective," he added.