Anant Raj Industries Ltd is consolidating around the current price before taking a final jump. The stock closed flat at Rs.47.80 yesterday.The Tricolor Hotel which commenced operation in January, accounted for ~Rs.23m in 4QFY12 (~Rs.7.5m/month or 28% of revenue whichever is higher). According to the Brokerage House, Motilal Oswal Securities Ltd, it is expected that the total rental income for FY13 would be around Rs.1.3b Vs Rs.0.9b in FY12. To get more on this please CLICK HERE. A great scrip to invest at the CMP of Rs.47.80, and go to sleep, without much tension.
Jai Balaji Industries Ltd hit the buyer freeze yesterday, as it closed at Rs.42.10, up 4.99%. The stock was asked to be accumulated on all dips---those who have done the same would now see their fortune race ahead. I still maintain my target of Rs.64, for the scrip. There is an old report on the company at: www.sumanspeaksplus.blogspot.com.