ARO Granite Industries - Buy

Markets have given tremendous returns recently, and we were not comfortable to suggest any stock. However the recent short lived correction seems to be the best we can bargain for now. This is one of the characteristics of classic bull market. Nifty seems like headed for 10k !!

We have been tracking quite a number of companies, but somehow the price of many does not attract us to take a dive in at this point of time.

Lets take company operating in a well known sector trading at high P/E . Having said that, Aro granite industries has managed to stay cheap when compared with the sector valuations. The stock has rallied in recent times hence we waited for an correction to come, and with a 10% correction ,now seems a good time to start accumulating on dips with a 2 years horizon.

                   

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