Multibagger - Ritesh Properties

Earlier short term recommendations
Scrip Rec. Target Remarks
Bajaj hold sell@677 652 Target hit
BHEL sell@1645 1612 Target hit
ICICI Bk. sell@768 754 Target hit
Bajaj hind buy@184 192 Target hit

Today’s short term recommendations
Scrip Rec. Target Remarks
Bajaj hind sell@210 198 --
BHEL sell@1845 1794 --
orchid sell@253 240 --

Multibagger stock - Ritesh properties Ind. Ltd.
The company which was earlier into garment export has diversified into real estate and retail chain outlets . It has tied up with Ansal Infrastructure to develop a 800 cr. residential housing project in Ludhiana. It is also developing townships along with a U.S. based fund Beckman Helix , with a project cost of 3000 cr in and around Ludhiana, Jalandhar & Amritsar. In addition to this the company is foraying into retail chain outlets with an investment of 60 cr and plans to develop 100 stores by end of year 2008. All the benefits of above mentioned projects will start accruing in next quarter results. Benett & Coleman has picked up 8% stake in equity around dec. 2007. Buy at declines around 70, Expected price in 2 yrs. is 250 .
Risk factors include the promoter’s inexperience in real estate & retail management . Further the promoters stake is only around 20% of the equity.

STOCK TRADING TIPS

Earlier short term recommendations
Scrip Rec. Target Remarks
Bajaj hold sell@677 652 hold
BHEL sell@1645 1612 Target hit
ICICI Bk. sell@768 754 Target hit

Today’s short term recommendations
Scrip Rec. Target Remarks
Bajaj hind buy@184 192 --
BHEL sell@1648 1594 --
ICICI Bk. sell@816 791 --

TRADING RECOMMENDATIONS

Earlier short term recommendations

Scrip	Rec.	Target	Remarks
L&T	buy@2890	2970	Target hit
BHEL	buy@1890	1990	Target hit
Wipro	buy@410	425	Target hit

Today’s short term recommendations

Scrip	Rec.	Target	Remarks
Bajaj hold	sell@677	652	--
BHEL	sell@1645	1612	--
ICICI Bk.	sell@768	754	--

TRADING RECOMMENDATIONS

Earlier short term recommendations
Scrip Rec. Target Remarks
Cipla sell@201 194 Sq. up at 220
Wipro sell@404 389 sq.up at 410
HCL Tech. sell@280 264 Target hit
Bajaj Hind. sell@168 156 Sq. up at 190
Moser baer sell@155 145 Sq. up at 152
Orchid chm sell@148 140 hold
Bajaj Hind. sell@209 188 Target hit

short term recommendations
Scrip Rec. Target Remarks
L&T buy@2890 2970 --
BHEL buy@1890 1990 --
Wipro buy@410 425 --