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 listing on tomorow,10th dec 2007.As you all know Peerless absan i suggested the counter at 16rs and it got delisted at 90rs persuant to the 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.