Scripscan:Rasoi Ltd
cmp:390
Code:507649
Story:Rasoi manufactures and markets vanaspati and edible oil. It has four manufacturing units located at Silchar, Assam; Jalgaon, Maharashtra; Kundli, Haryana; and Calcutta.I dont like commodity business and certainly not a company like rasoi which hasnt delivered any numbers in the last 5-6 years.Neither the promters influnces me nor the dividend yield and the futre outlook makes me drool on the counter.Though the promoters are busy hiking their stakes but am not sure about the reason behind that.If one has to invest in the sector it operates, I would put my bid on my favourite counters with the likes of jvl agro and ks oils.Both has been the star performers and they genuinely has some way to go.so people interested to invest in rasoi may well do a world of good if you opt for my mentioned ones.Some kolkatan operators are said to be there in rasoi,so possibility of it hitting new highs cant be ruled out but over the longer horizion it makes no sense for one to go for it.If someone recomends it to buy..The hint would just be there for you.
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Monday, March 23, 2009
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