ValuePickr4 days ago
BULLISH(90%)
sell
Nesco
Read original source+43.1
Market Impact Score
-100 Bearish+100 Bullish
AI Analysis
Companies with significant real estate holdings, especially in prime urban areas, often have substantial intrinsic value not fully reflected in their market price. Strong cash flow from operations further enhances their appeal.
Trading Insight
Nesco appears to be a strong value play due to its asset base and cash-generating business. Look for opportunities to accumulate.
Quick check: NESCO neutral, MARUTI bearish bias (oversold).
Key Evidence
- •Nesco Ltd has a Exhibition and Convention centre by the name Bombay Exhibition Centre.
- •In 9m FY11 Nesco posted a PAT of Rs. 48 crores, with most earnings resulting in cash.
- •IT Bldg no.3 nearing completion will add approx Rs.40 crores in FY 12.
- •Nesco holds 70 acres of land in Goregoan, with 59 acres vacant and valued around Rs. 1360 crores (discounted).
- •Risk flag: Real estate market fluctuations
Affected Stocks
NESCONesco Ltd.
Positive
The company owns prime real estate assets, generates strong cash flow from its exhibition and IT park, and has significant undervalued land holdings.
Sectors:auto
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