Munjal Auto: The stock has already the target of Rs.60/- and is currently quoting at Rs.62/-. A future blue chip in the making.
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Munjal Auto Ltd: Since last report, the stock has been split into Rs. 2/- face value and is currently quoting Rs. 48/- as on 14.02.2012, i.e., Rs. 240/- (Rs.10/- face value). The stock has met our target of Rs. 240/- to 250/-. the stock is expected to move to Rs. 56/- to Rs. 64/- range in next six months time.
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The market has fallen by 15% but the script has appreciated to Rs. 482/- as on 30.8.2011. it is likely to give compounded ROR of over 25% over the next 2-3 years.
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