Aditya Birla Nuvo is a diversified conglomerate in the textile industry The company is India’s largest and the world’s fourth largest producer of insulators. At the current level, the scrip seems to be a lucrative buy’ as the company in recent times has been aggressive and has expanded its footprint in the financial services by putting up an open offer to buy the broking bw;iness of Apollo Sindhoori Capital Investments. The company has also managed to put up good financial performance for FY08. Thus investors with short to medium term investment horizon can invest in the company.
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