Hindustan Organic (HOCL)
Just to add to it, the land is at Panvel where the new International Airport is supposed to be approved shortly.
On 9/12/07, mukki70 wrote: > > > HOCL is 14% up today at Rs. 60.65. It is almost at its 12 months High > of Rs. 63.60.(made in feb 2007) > It has risen about 23% in last 1 week. > The stock used to be in T2T category but now the circuit limit is 20%. > Today the vol. was also extraordinary (3.6 Million compared to last 2 > week averages of 700 K). > The volume has been consistently increasing in this scrip over time.. > Maybe it would be interesting if KKPji can have a look at this scrip > from TA perspective.. > > The Qtrly results have not been great except a EPS of 5 in the qtr > ended March 2007. > But it is turning around and has a huge (leased)land holding near > Panvel. > Ramesh Damani has recommended this stock long time back and is bullish > on it and considers it a value buy. > Time and again there is a rumour of land lease but there is never a > confirmation. > > Two reasons I hold this stock now for more than 2 years are: > 1) This is one of the public sector companies with a huge turnaround > potential.(maybe last of the PSU bargains) > 2) The huge land asset gives a good margin of safety. > > > > >
