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Nitco Tiles is the new favourite among fund managers. The market buzz is that several MFs are interested in the stock, as it rides on the real estate and housing boom.

With real estate investments on the upswing, especially in all the major metros and mini metros, analysts are predicting robust growth figures for the company. Fund managers are seeing this as a value buy.

Reliance MF has already taken 6.7 per cent stake in the company and market experts say that several other domestic fund managers are sniffing around this opportunity.

The stock touched ahigh of Rs 194.90 on Friday before ending at Rs 191.75. Over 14 lakh shares were traded on the BSE..

Veena Venugopal

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