AB NUVO a company which is yet to unlock tremendous value. A company
which holds major chunk of stocks on Birla companies managed by Mr.
Kumaramangalam Birla.
AB NUVO which held shares of IDEA Cellular pre IPO, was trading at Rs.
750, saw a good value being unlocked through the IPO and the results of
which are being seen now at 1300.
AB NUVO also holds shares of companies such as Transworks which is
Indias 3rd largest BPO with great potential. Another company which makes
this script attractive is BIRLA SUNLIFE. Birla Sunlife which is again
rated among top 5 in the Life Insurance sector would break even this
year and would be among the only three companies in the private sector
insurance companies to see profits.
AB NUVO has two new IPOs lined up in the coming 3 years which are likely
to take its post IPO (of Transworks and Birla Sun life) price to Rs.
2900-3200 range.
Like the value unlocking seen in GE SHIPPING, ZEE, RELIANCE, INDIA BULLS
in the past, the values of all demerged companies giving returns to
investors upto 4 times, AB NUVO is another expectant in this category.
An investment made on dips with a 3-4 years horizon would fetch good
returns.
Technical View
AB Nuvo has strong support of the trendline in the range on 1250-75. A further dip from here would be an excellent opportunity to buy near next supports of 1200 AND 1150. Over all long term trend intact with targets of 2200 and 2950.
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