This is going to be a real gem in short, medium and longterm due to the following facts:
1. 30% holding in Baja auto @ 485/- per share
2. 34% holding in Bajaj Fin. @ 218/- per share
3. stake holding in ICICI bank of 38 mn share @ Rs. 385/- per share , current price is 935/- per share
4. Q-1, EPS rs. 27/-
In short term it will reach 1000/- and medium term it will consolidate in the range of 1350/- to 1650/-
I think the first target is Rs 750/ - The cash price per share is working out Rs 1100. Typically holding cos get a 35-45% discount - so that takes the fair value of this share to Rs 750. I also agree this co is sitting on a gold mine of investments, and investors are practically getting these investments at 50% discount to the market price.
Low pe - in fact single digits - mf/insurance cos are slowly covering this stock, and taking big deliveries. If u see the month of sept huge block deals of 500,000 plus shares in couple of block deals have happened - clearly showing that smart money is moving in here.
This is def a multibagger for the value investor !
Cheers
Conficus
| NIFTY 
