Rasoi Ltd: High on Oil:

Speculative positions can be taken in Rasoi Ltd at the current price of Rs.232, with a Stop loss of Rs.220 and Rs.213, in view of the company coming up with Preference Issue at Rs.390 per share. The company is into making of Vanspati and Edible Oil and is a well known brand in the Indian markets. The company will gain from the high edible oil prices which are ruling this time of the year due to high price of the oil seeds and vegetables.

There was also a great block deal in the counter some days backs.

I hoping to see its price rise to Rs.290---Rs.350 in the next 6--8 months time frame. But this is a speculative counter so do not take too much position in the counter.

One of my recommended pick to the premium group members is in the buyer freeze. Congrats!! to all those who have bought that scrip.