CAPITAL4 BLOG

FEATURED BLOGGERS

• All Blogger Profiles
• ABHISHEK PARAKH
• AJAY SHAH
• AMIT ARORA
• ATUL GUPTA
• BRAMESH BHANDARI
• D SATHIAMOORTHY
• DEEPAK SHENOY
• DONALD FRANCIS
• KAILASH KOPPIKAR
• NIKHIL CHANDNA
• NISHIT VADHAVKAR
• NOORESH MERANI
• RANJAN VARMA
• RAY TITUS
• ROHIT CHAUHAN
• TEJASVI MOHANRAM

Navbharat Ventures, Dr Reddys, Godrej properties and Bombay Burmah Investment Pick!

posted by NOORESH MERANI on Wednesday, February 22nd, 2012

NB Ventures — the stock can see a quick move to 240 + levels.

Dr Reddys — Keep a close watch on 1700 mark.

Godrej properties — I continue to favor this management and the above stock is the best in real estate space in terms corporate governance. Watchout for a move above 680 for quick 10-15% jump.

A quick Update on Bombay Burmah Trading Corporation — the stock has been recommended yesterday.

Lets have a quick look

Through Leila Lands Bombay Burmah owns 50% in Britannia — Value 3150 cr

14% stake in Bombay Dyeing — value 280 cr.

They showed a profit of around 130 crores from sale of two of its divisions. ( the slump sale was for almost 100 + 180 cr )

The company is more then 100 years old and the Real Estate it owns can be enormous icon smile Navbharat Ventures, Dr Reddys, Godrej properties and Bombay Burmah Investment Pick !!

So overall holding value should be a minimum of 3500 crores ( this is on quoted investments)

Current Market Cap – 650 cr.

The stock is available at 80% discount to its holding value.

We are giving no value to the tea and coffee estates ( 2000 + hectares ) + real estate and many more subsidiaries. They also might be holding some stake in other group companies and majority of the assets would be at 1 rs icon smile Navbharat Ventures, Dr Reddys, Godrej properties and Bombay Burmah Investment Pick !! in the balance sheet as its a 100 year old company.

So if the stock does go through some restructuring of assets and slump sales we can see a lot of Value Unlocking. My expectations is with the slump sales of sunmica and other divisions the management is clearly hinting towards Value Unlocking icon smile Navbharat Ventures, Dr Reddys, Godrej properties and Bombay Burmah Investment Pick !!

From current levels the downside could be limited to 400-420 levels fundamentally but upside can be anything icon smile Navbharat Ventures, Dr Reddys, Godrej properties and Bombay Burmah Investment Pick !! . The major reason to buy right now is technicals – Huge Volumes and Price Action icon smile Navbharat Ventures, Dr Reddys, Godrej properties and Bombay Burmah Investment Pick !! .

www.nooreshtech.co.in

posted by NOORESH MERANI on Wednesday, February 22nd, 2012

Did you find offensive content or language? Report this blog