Nirlon Ltd.

This is yet another real estate take...

Nirlon Ltd.
CMP: Rs. 50 / per share
Expected : Rs 150+ /per share

Mind you..it could just turn out to be a risky one.

..mainly in textiles, fibers & Nylon. Hd been showing loss for long.
But the reason why this is tempting is...it now plans to move to develop Real Estate on the vast land holdings in Goregaon Mumbai.

<---snip---
The K. Raheja Developers group is said to be developing the Real Estate, and they have picked up 4% stake in the company though the stock market route during the May crash at throwaway prices. Also Videocon International has already bought 3.35 per cent stake in the company.

According to the corporate announcements of the company, the company has confirmed that it is no longer a sick company as per the provision of the Sick Company as per the provisions of the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA). Also it has confirmed media reports that it is developing real Estate on the company's land banks.

The value of these developments comes around Rs 1000 crores which suggests a target of around Rs 200/Share in the months to come.
---snip--->

the stock is showing movements and is rising now... from 20s to.. 30s and into the 50s now.

Also read.