533163 ARSSINFRA Group (B) BSE
currently trading at:- 565.90
buy call: around 400-450
Target:- 700,1000,1500
Duration: 6-24 months
Arss infrastructure it came into the market last year with an great opening by giving its IPO subscribers almost 50% gains in just 6 months with coming at listing price of about 650, and reaching highs of 1500 in no time. But because of the fall in the market and continuous rising interest rates the inra group whole bunch has taken a toll and result is we are getting rates of infra at such prices that we cant imagine(guess most are life tiem lows),infact for time being just avoid buying infra stocks and wait for the nifty to touch 5k levels, one we touch 5k level, i am sure there would be further discount on the infra stocks at what they are currently in the market and then these stocks would perfectly be justified value picks out of which ARSS could be the outperformer.
