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.
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