Buy Nav Bharat Ventures at current levels of 405-410: Karvy Stock Broking

N Subramaniam, Head, Institutional Equity, Karvy Stock Broking in an interview to ET NOW said that Nav Bharat eventually is a stock which has been covered by Karvy. We are quite positive on the stock first being a diversified company engaged in ferro alloys and sugar.

Would want your view on why do you like Nav Bharat?

Reliance news is definitely great news and this particularly today's news is definitely going to add value to the call. I think that should give a lot of value and boost to the other stock. Nav Bharat eventually is a stock which has been covered by Karvy and we came out with the report. We are quite positive on the stock first being a diversified company engaged in ferro alloys and sugar.

Now I think in the present scenario being a power sector play or being up merchant power play is what is adding a lot of value to the stock. Power centric growth is definitely going to be very-very positive and merchant power which adds a lot of profitability is definitely going to add a lot of value to the stock. We are giving a buy call to Nav Bharat Ventures at these levels of 405-410 with a target of 550 this is our in-house buy call from Karvy.