SHORT TERM TRADES; RELAXO FOOTWEAR

1. BUY at cmp 819
2. Keep a stop loss at 730 closing basis
3. Target 1 is 850 in the very short term; if you have the patience to hold on, 6 month target in the vicinity of 1100 possible.
4. A few words of caution: the stock is rather thinly traded and hence volatile; it has run up in the past 5-6 sessions in anticipation of good results (on 5/11/2012); Q4 FY12 and Q1FY13 results were excellent but in the short term,a lot will depend upon Q2FY13 results as well. A Q2 disappointment could well see the stop loss being triggered but a good Q2 result will almost cetainly send the scrip into the next orbit. Long term the scrip should do well. Kindly take these cautionary points on board before buying in. Best of luck.

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