STOCK SCAN

RITES is a multi- disciplinary consultancy body in fields of transport, infra and related technologies. It has an in– house team of expert engineers and specialists. It provides a comprehensive array of services under a single roof and believes n transfer of technology to client organizations. The company is internationally recognized as a leading consultant with operational experience of over 55 countries. It is the only export arm of Indian Railways for providing rolling stock overseas. Heightened interest was seen in the stock after its recent listing. Buy on declines for target price of ` 500 in medium term.

Orient Refractories is in the business of manufacturing and marketing special refractory products, systems and services to the steel industry with global presence. ORL is market leader for special refractories in India and has many global partners for its international quality products. It caters to over 500 customers in India and across the world. ORL parent company, RHI AG reached an agreement with controlling shareholding of M/ s. Magnesita, GP & Rohne. The combined company will be able to offer ORL customers even more comprehensive range of products and services. Buy on declines for target price of ` 375.

■ IP Rings is a front line automotive components manufacturer, specialising in the production of piston rings in high carbon high alloy steels and nodular iron with a variety of surface coatings that find application in present day high performance low emission engines. The company has a successful history of working seamlessly with both global and domestic partners. Buy for medium term target of ` 300.