Wednesday, May 07, 2008

Ritesh industries - property play

cmp 112

earlier forgot to gave a call but was very good buy at 70 levels 2 months back.so it can be bougth at current levels also for long term.they are coming up with 800cr township project and hope to make 100-150 cr easily.their mcap is merely 120 cr.so can expect it to be multibagger in 2 years time.only thing is mgmt is bit tarnished from past experience but this time they are coming up in good on TV etc.also bennet and coleman is a shareholder in this.expecting it to touch an ambitious 500 in 3 years.

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