Vipul is a mid-cap stock in the Indian real estate industry, and the company’s stock is trading at attractive pricing and much lower valuation than 2-3 years back because most real estate companies are emerging from difficult times on 2008-2009. While Mumbai real estate companies like Orbit Corp and Peninsula Land are delivering strong QoQ numbers, other real estate companies in India like Vipul (Delhi based) are lagging behind in terms of demand strength. But demand will return strongly across metros and lareg cities, in a year or so when the Indian economy returns to full steam. That scenario makes Delhi based real estate companies like Vipul a good buy today. The market cap is about Rs 275 cr for land and building assets of over 1400 cr. Continue reading Indian Real Estate company – Vipul→
update 10 Feb 2010: NTPC FPO was a disappointment with the Govt. of India selling equity at a much lower price than what it could have been sold for. If the promoter values the shares for less, external investors will also give it even lesser value. If the FPO floor price was fixed at Rs 225 than Rs 201, I believe it would have done better.
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NTPC FPO share price target
=1000000/(82454*5%)
= Rs 242 (if target is Rs 10,000 cr from the 5% equity sale)
=1100000/(82454*5%)
= Rs 266 (if target is Rs 11,000 cr from the 5% equity sale)
