Porinju Veliyath recommends buy of Holding Companies
Posted: Thu Jan 26, 2017 10:19 pm
Porinju Veliyath on twitter has recommended that investors buy holding companies quoting at steep discount.
"I see few solid holding companies with over 75% discount. They will double in 2017 as the discount would narrow down to 50%, explore!"
Which are these holding companies?
Godrej Industries
Godrej Industries is one stock which is again the holding company for Godrej Properties and have a large holding in Godrej Consumer ProductsBSE 0.79 % and they have Godrej Agrovet. There can be a lot of potential trigger for these companies and it is well managed of course. Anybody will appreciate the quality of the management. So this is one company I am looking forward to and I am holding in PMS.
ET
BBTC (Bombay Burmah Trading Co)
Bengal & Assam Co
This morning I was looking at a couple of stocks. We used to have a lot of fancy for the holding companies earlier. Another six months and nobody will talk about that. But maybe it will come back again and really these companies can have a much higher discounting. The Bombay Burmah Trading Corporation, BBTC.
Another one is the Bengal & Assam Company. These two are the holding companies. I want investors to explore these companies, what they are holding, what is the net worth, what is the worth of these companies and what is the price
I think these companies are available at something like 85-90% discount to their intrinsic value. So there is a chance that this difference can come down to say 50-60%. Even in that case, that is a huge multibagger, these stocks are to be watched. Of course, I am not very happy with the promoters of both the companies but even if they have some problems, they may change going forward .
ET
"I see few solid holding companies with over 75% discount. They will double in 2017 as the discount would narrow down to 50%, explore!"
Which are these holding companies?
Godrej Industries
Godrej Industries is one stock which is again the holding company for Godrej Properties and have a large holding in Godrej Consumer ProductsBSE 0.79 % and they have Godrej Agrovet. There can be a lot of potential trigger for these companies and it is well managed of course. Anybody will appreciate the quality of the management. So this is one company I am looking forward to and I am holding in PMS.
ET
BBTC (Bombay Burmah Trading Co)
Bengal & Assam Co
This morning I was looking at a couple of stocks. We used to have a lot of fancy for the holding companies earlier. Another six months and nobody will talk about that. But maybe it will come back again and really these companies can have a much higher discounting. The Bombay Burmah Trading Corporation, BBTC.
Another one is the Bengal & Assam Company. These two are the holding companies. I want investors to explore these companies, what they are holding, what is the net worth, what is the worth of these companies and what is the price
I think these companies are available at something like 85-90% discount to their intrinsic value. So there is a chance that this difference can come down to say 50-60%. Even in that case, that is a huge multibagger, these stocks are to be watched. Of course, I am not very happy with the promoters of both the companies but even if they have some problems, they may change going forward .
ET