Dear Asset Manager, Holding companies always trade at a very good discount to their subsidaries. And Sabero is subsidary of Coromandel and its price impact is negligible on EID parry. And A holding company will realise its potential only if it sells its subsidaries which is never going to happen. And if you take into consideration the uncertanity and the sugar business as a whole I think EID is trading a fair price and nothing exciting is left in it. The only thing EID can be happy about is the life line given by Coromandel in the form of Debentures. Why dont people Buy Coromandel Directly instead of EID?
surprising it has not gone up - the amount it is expected to receive as debentures from Coromandel International, the improved price of Sabero organics ...it self justifies a price of Rs. 275 for EiD parry!