BUY KAMANWALA HOUSING CONSTRUCTIONS

BSE:	511131
Recommended Price:	17
Current Price:	50
Target Price:	150 in 6 months

 

Kamanwala Housing Construction Limited (KHCL) is a company with a 20-year track record. They are based at Mumbai, the commercial capital of India. As Mumbai has always faced a major shortfall in residential as well as commercial properties, Kamanwala has been performing significantly

 

Kamanwala have 12 ongoing projects spread across the prime location of Mumbai like central and western Mumbai - Bandra Kurla Complex, Andheri, Santa Cruz, Malad and Versova. Mumbai’s Filmistan studio is owned in partnership by Kamanwala and they are coming up with development of this 7 lakh sq ft of land to a shopping mall.

 

Kamanwala has entered into joint venture with M/s. Prajay Engineers & others to construct at Patancheru, Hyderabad. The work has already began.

 

The company will achieve a turnover of Rs.1800 cr in 18 months( March 2011) due to completion of its projects which totals up to 20 lakh sq ft. Following this, the expected EPS for 2011 is Rs.150- Rs.200.

 

They are dividend paying company. They gave bonus last year.

 

Big investors are entering this stock:

 

• Mavi investment’s Nirmal Kotecha of Pyramid Samira fame is buying this stock

 

• Nisha Suman Jain is holding a major quantity of more than 10 % and in bulk deal it shows that she is increasing her stake at every stage. She is HNI who is director of Jainson Group of Industries, Build2 Last Infrastructure and a film producer of Maalik Ek.

 

• Ashok Parmar, a HNI from Pune has invested in Kamanwala. He is known for acquiring a big stake in the company he invests in and according to news, he is also increasing his stake in Kamanwala. He has been in news for acquiring a high stake in Videocon and shooting its price up.

 

• Religare holds a good amount of quantity and they are in the process of increasing it further.

 

 

So considering all the potential Kamanwala has, it is targeted at 150 above for 6 months and 300 in long term.

 

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