ARSS Infrastructure Projects Ltd: Buy on dips

Incorporated in 2000, ARSS Infrastructure Projects Ltd is engaged in construction of Railway Infrastructure, Roads, Highways, Bridges and Irrigation Projects in India. 

ARSS have business activities in the zonal jurisdictions of East Coast Railway, South Eastern Railway, South East Central Railway, Southern Railway and North Western Railway. ARSS also engaged in the railway construction projects, which includes earthwork, major and minor bridges, supply of ballast, sleepers, laying of sleepers and rails, linking of tracks etc. ARSS have completed around 200 km rail line and about 300 km of roads and highways.

ARSS Infrastructure Projects Ltd (Rs.42.55) has presence in Eastern India, particularly in the state of Orissa. However, in recent years they have pursued opportunities in other parts of India including states of Chhatisgarh, Rajasthan, Jharkhand, Haryana , Kerla, Andhra Pradesh, Assam, Maharastra and Tamil Nadu.

The scrip should be accumulated on dips for a short term price target of Rs.52-54.