Aditya Birla Nuvo is trading positively on both BSE and NSE. Presently (12:05 pm), it is hovering around Rs 1706, up 4%. There are full chances of an upside potential today.

Stock Analyst VK Sharma has suggested the day trading investors to purchase the stock around Rs 1637.70 with a strict stop loss at Rs 1590. The target for the day is Rs 1724. The stock has shown a decent rise in previous sessions. The stock has seen a 52-week high of Rs 1819.9 and a low of Rs 960 on BSE.

The company has informed the Exchange that the auditors have conducted the limited review of the unaudited financial results for the quarter and half year ended September 30, 2007.

Other stocks in the same industry include Alok Industries Ltd., Arvind Mills Ltd, Indo Rama Synth and Raymond Ltd. These all stocks are looking good for short as well as long term trading.