Shristi Infrastructure Development Corporation:Go for it

Scripscan:Shristi Infrastructure Development Corporation Ltd
code:511411
Cmp:449rs
Target:650-700rs
Duration:2-3 months

Story:The company is listed on 10th dec 2007.As you all know Peerless absan merger with Shrishti infrastructure.Shareholders got 1 shares of shristi for every 5 shares held in peerless abasan finance.Now shristi will list at trade to trade group with a 5% circuit limit.The base price has been fixed at 449.25rs.Due to the suitable market sentiment and real estate frenzy i expect the counter to hit 650-700rs in the near term.The company is planning to invest rs 3500crs in real estate over the coming 2-3 years.It has got hardly any floating stock available,so any good news or announcements would be cheered by the market.