Long term pick: Mandhana Industries

powerfulpicks long term call: Mandhana Industries (NSE: MANDHANA) - Textile Industry + retail foray (600 stores in next 4 years starting in 2011) + rising demand from domestic and overseas clients + clients like Pantaloons, ITC (Wills Lifestyle), Tommy Hilfiger...looks to be a good company. Price is a bit on the higher side. So buy in small quantities on dips between 215 and 220. Hold for a short term target of 245 and a long term target of 300 (+36%)