VLS Finance is a flagship company of VLS Group. It operates through four of its subsidiaries and VLS Investment is another peer into the same subsidiary group. VLS Finance is a very interesting as the stock is terribly undervalued. The market cap of this company is just Rs 60 crore. The company had investments in Sunair Hotels, which is a Delhi metropolitan hotel, which is roughly worth Rs 800 crore. There is a pending litigation on the company with Gupta brothers.
If I see the entire litigation aspect I feel the case should be in favour of the VLS Finance Group and then this stock can be a multi-baggier because if I see the entire aspect—Rs 800 crore of worth where the company would be holding approximately 87% after the case hearing is closed—that will mean that the value of the stock itself would be around Rs 600 crore.
The current market cap is Rs 60 crore. Apart from this the company holds 14% in Relaxo Footwear along with its subsidiary, which again works out to be Rs 60 crore that means you are having a free stock available for you where there is unlimited upside—5-6 times even from here—and almost no downside for the stock.
The stock last time in 2007, just before the hearing, was approximately hovering around Rs 80-90 levels. With the case hearing coming near the stock could again go to those levels and if the case hearing is actually going to be in favour of the VLS Finance Group the market cap could be anywhere between Rs 400-500 crore also.
At Rs 600 crore marketcap where there is no downside risk because of Relaxo Footwear and other holdings like Gati etc, and there is unlimited upside potential we feel that this stock could be a multi baggier from current levels.
Q: So what is you price target on it?
A: If someone has the potential to hold it for couple of years or three years down the line he could see the stock even in three figures.
Saturday, August 21, 2010
Gujarat Pipavav Port
Issues Open Now
Following are the details related to upcoming IPO
Following are the details related to upcoming IPO
Gujarat Pipavav Port
Sector: Engineering & Capital Goods
Issue Terms | |
|---|---|
Issue price / Floor Price (Rs) | 42-48 |
Application per share (Rs) | 42.00 |
Minimum investment amount (Rs) | N.A. |
Minimum bid (no of shares) | N.A. |
Maximum Shares for Retail | N.A. |
Issue Date and Size | |
|---|---|
Issue opens | 23-Aug-10 |
Issue closes | 26-Aug-10 |
Listing on | BSE, NSE |
Issue size (Rs cr) | N.A. |
Mkt cap at issue price (Rs cr) | N.A. |
Shares on Offer | Lakhs |
|---|---|
Total shares offered | N.A. |
Of above, offered to public | N.A. |
Post-issue shares | N.A. |
Post-issue promoters' holding(%) | N.A. |
Company Financials (Rs cr) | 2009-12-31 |
|---|---|
No of months | N.A. |
Turnover | N.A. |
Net profit / (loss) | N.A. |
Borrowings | N.A. |
Investor Information | Lakhs |
|---|---|
Lead Manager(1) | IDFC-SSKI Limited |
E-mail | gppl.ipo@idfcsski.com |
Lead Manager(2) | Kotak Mahindra Capital Co Ltd |
E-mail | |
Registrar | Karvy Computershare Pvt Ltd |
E-mail |
Company Contact Details | |
|---|---|
Company's address | Pipavav Port, At Post Uchchaiya via Rajula, District Amreli, Gujarat |
Pincode | 365 560 |
Tel No. | 91 2794 302 400 |
Fax No. | 91 2794 302 402 |
Website |
Bull of the week: Stock that gained 91% in 7 days
Here is a piece of news that could be music to your ears if you are invested in Saregama India. The stock has been very active on the bourses in the past several days and witnessed a huge 117% move in one month. Much of the 91% move has come in the past seven trading sessions.Today, the stock surged 7.62%, or Rs 11.15 to end at Rs 157.50 on the BSE. Intra-day it touched a 52-week high of Rs 160.95. There were pending sell orders of 81 shares, with no buyers available.
Wednesday, August 18, 2010
Holiday List - BSE 2010
Today I thought if it is really working day tomorrow, and I started searching for holiday list on the Internet, I got this list from BSE India website
you can see next BSE holiday is 10th September on Ramzan Eid
you can see next BSE holiday is 10th September on Ramzan Eid
| Holidays | Date | Day | |
| 1 | New Year | 1st January 2010 | Friday |
| 2 | Republic Day | 26th January 2010 | Tuesday |
| 3 | Mahashivratri | 12th February 2010 | Friday |
| 4 | Holi (2nd Day) | 1st March 2010 | Monday |
| 5 | Ram Navmi | 24th March 2010 | Wednesday |
| 6 | Good Friday | 2nd April 2010 | Friday |
| 7 | Dr. Babasaheb Ambedkar Jayanti | 14th April 2010 | Wednesday |
| 8 | Ramzan Id | 10th September 2010 | Friday |
| 9 | Diwali Amavasya (Laxmi Puja) | 5th November 2010 | Friday |
| 10 | Bakri-Id | 17th November 2010 | Wednesday |
| 11 | Moharum | 17th December 2010 | Friday |
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