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Aditya Birla Nuvo due for re-rating
The tide seems to be turning for Aditya Birla Nuvo (ABN), which underperformed on the bourses in the past five years. Its growth businesses, particularly financial services, insurance and telecom, were in the expansion phase and, thus, were consuming the cash flows generated by its traditional (value) businesses like textiles, garments, fertilisers, rayon, carbon black and insulators. Analysts feel
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