Saturday, October 31, 2009

SHRENUJ & COM (523236) Cmp: 28.60 Short Term Positive with SL of Rs 25 TRGT Rs 33-34 above Rs 36 for long term upside.

SHRENUJ & COM (523236) Cmp: 28.60 Short Term Positive with SL of Rs 25 TRGT Rs 33-34 above Rs 36 for long term upside.

Market Buzz is that the company has gained access to high- quality rough diamonds from DTC Botswana, by acquiring a facility there. This will result in direct access to rough diamonds from the mining source. There is a renewed interest in jewellery by consumers, which augurs well for the company. The firm is also looking to up its retail presence in China.


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