NALCO can offer a good upside: Avinnash Gorakssakar

In a chat with ET Now, Avinnash Gorakssakar, Head of Research, Mintdirect.com, shares his view on NALCO. Excerpts:

ET Now: What is the view on NALCO?

Avinnash Gorakssakar: NALCO definitely looks attractive at current price levels if one takes the longer term kind of picture. Clearly, from the regulatory point of view, I have not heard any kind of negative news flow on it.

If one were to take a slightly longer term call, a year down the line, definitely this stock can offer a good upside. At this level, the downside looks pretty well protected.