Hindustan Organic (HOCL)
Might be this company is to be hived off to a private major…RIL has shown interest. Some foreign players are into also.
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TOPIC: Hindustan Organic (HOCL)
http://groups.google.co.in/group/investmentsupergrowth/browse_thread/thr ead/a504d4730555ed80?hl=3Den
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Date: Wed, Sep 12 2007 1:56 pm=20
From: mukki70 =20
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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..
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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.
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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.
