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Wednesday 11 January 2017

RICO AUTO

This stock was also recommended earlier, after demonetization effect auto sector will recover fast. Rico auto has good story for expansion and capacity. Co. will start chennai plant from Q3 and Rajasthan plant will be ready in FY -18, the turnover will be doubled by 2020 as per co.'s statement. The stock is worth buying @ 58-60. 
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