Aditya Birla Capital is a good long-term pick, said Zee Business Managing Editor Anil Singhvi during special Diwali Muhurat trading. This stock in among those stocks where the fundamentals of the company are extremely strong but have not moved in past few years.  Aditya Birla Capital is among those stocks which is testing the patience of Investors. The valuation of this stock is attractive, Business is strong, Balance Sheet is good and the promoters are good still the stock is not giving returns to investors.

Anil Singhvi believes that Aditya Birla Capital can strongly move upside from here. It has consolidated for a long time now and seems it is ready for a big breakout soon. Short term target on the stock is Rs 95 to Rs 120. If investors will hold this stock for 1 to 3 – 5 years, it can be giving more than 2x returns to the investors.  

Market Expert Rakesh Bansal said that AB Capital was once known as Aditya Birla Nuvo. Once during a period of 12 to 18 months, AB Nuvo returns had outperformed HDFC Bank returns. After demerger, AB Capital was formed and since then, the stock has been underperforming. Charts clearly indicate that underperformance of past 18 to 24 months is done now, stock should outperform now.

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Sumeet Bagadia, Executive Director, Research at Choice Broking said that he is also bullish on the stock and can see further up move from here. He said that stock has started moving slowly from lower levels and now seems it is ready for a bigger move.


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