Gujarat State Financial Corporation ( 532160 )
A public sector; finance term lending institution of Gujarat with just 2% of equity with public can be IFCI in making.
Its equity is 93 crores & the net asset is Rs 419 crores with 89114000 of shares (almost 9 crores ) that comes out to Rs.46/ share. Though this company is in red, so was IFCI a year back. At current value of Rs.9/- + , it has a bright potential with a good Risk/Reward ratio.
Almost shares of all projects of Gujarat Government have been issued at par to this company. The investment of 419 crores at current valuation turns out to be around 970 crores.
With Gujarat emerging as a favorite destination for investors as per the RBI data & the way this state is moving forwards with reforms, this financial company of the state cannot be left out.
Unlike other disinvestment process & with Gujarat Government efforts to march ahead on disinvestment, GS Fin Corp can be a dark horse within short span. Remember no body was ready to touch IFCI at Rs.10/- & now ….. !
Readers can draw their own conclusion about the promise and potential.
Please go through Disclaimer on this blog.
Disclosure: I may have position in above said stocks for myself/ family members / friends.
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