NIRLON

Nirlon is said to be developing its about 40 acres of land the goregaon property on its own.The property would fetch a net valuation of around Rs 1,400 crore+it has 50 acres of MIDC land at Tarapur which is also under proposed sell.Now adding these 2 land sell deals if at all happens wud give nirlon around 2200cr atleast and that makes per share valuation close to 220rs.Now if we take half the land value too then also nirlon sud be valued around close to 100rs.The company's nylon tyre-cord yarn/fabrics unit at Goregaon, Mumbai, was way closed in June 2004 and workers were paid off under a VRS. It also repaid secured creditors as per the BIFR scheme.So the road seems to be rosy for nirlon going forward.At 44rs any high risk apetite investor can plan to buy these stock for med to long term --- aryan

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