Morgan Stanley maintains an overweight rating on AB Nuvo (ABNL) with a 12-month target price of Rs 1314. The financial services offer further value-unlocking possibility.Strong NBFC business growth is likely to offset profitability pressures in telecom business. The global investment bank slashed its target price from Rs 2625 on the back of fashion business demerger.The Financial services, telecom constitutes 55 per cent and 37 per cent respectively of ABNL's intrinsic value.

Source: Economic Times June 21, 2016 07:15 UTC