Aditya Birla Nuvo: block deals see volumes spurt

On Friday, the stock of Aditya Birla Nuvo climbed 3.6 per cent with a sharp spurt in volume to close at ₹1,287 on the BSE. The stock saw an extra-ordinary rise in volume due to bulk deal trades. However, the stock tested a key resistance at ₹1,300. Strong breakthrough of this level will strengthen the bullish momentum and take the stock higher to ₹1,350 in the near term. Supports are at ₹1,240 and ₹1,200 levels. The stock has gained 7.3 per cent this week.