Urban Land Ceiling Act of Maharashtra. It holds a large piece of land
in Vikhroli, a central suburb of Mumbai which it can now develop.
After development, the rental income alone could be over 100 crores
annually.
According to sources, the company is holding 82.88% stake of Godrej
Properties P. Ltd. which is holding 51% of Godrej Realty P. Ltd. and
100% of Godrej Waterside Properties P. Ltd. These companies are
developing an IT Park at Kolkatta and a Residential Project at Thane.
There is also a buzz in the market that Godrej Poperties will be
coming out with a public issue soon. This and the company's foray into
real estate in a big way will result in huge value unlocking for
Godrej Industries.
At the time of writing this, the stock was trading at the lows of
359.40. It can turn out to be a Multibagger investment for long term
investors.
Also in this month's issue of DALAL STREET detailed analysis about land bank of Godrej in Vikhroli has been published and mid term target has been given as 600.
Major IT stocks touched their 52-week lows
Not all small stocks caught in turbulence
HOT STOCK : GODREJ INDUSTRIES
JK LAKSHMI CEMENT LIMITED : Potential MULTIBAGGER
Parsvnath Dev eyes 120-140% bottomline growth - Pr...
For IT, numbers say it all
Stocks to pick: Reliance capital,Axis Bank, Moser ...
Rakesh Jhunjhunwala's latest Portfolio
Tata Nano may expand market by 65%
Nano will drive Tata Motors to top position
RIL ready with $8bn for coal-based fuel project
Rosy Future - Stock Focus - Karuturi networks
Multi Bagger - XL Telecom & Energy
Revision in BSE Mid-Cap and BSE Small-Cap Indices
Future Group to hive off Big Bazaar
Brokers bullish on Syndicate Bank, Omaxe, MnM
Multi Bagger: Alps Industries
