HB GROUP
Hey guys check this out ,,,, three companies under the same group ,, there has been data posted about HB stockholdings in this forum and the value of their holdings,,, there are two more companies under the same group which has big investments in stocks like JP Associates , Crompton greaves,voltas ,,etc, ,,, these investments are shown in the balance sheet at cost or substantially lower to the current market price.
Eg : HB PORTFOLIO
If u check their holdings on 31/03/2007 on their website ,, they have about 750000 shares of JP Associates ,,, the market value of this alone is in excess of rs 300 Crores ,,, thier other invts add up to more than 120 crores putting the total value of thei r invts at more than 430 - 440 crores ,,,, total no of outstanding shares is 1.28 crores ,,, so the minimum price of this share based on market price of its holdings shld be 300 + ,,
Agreed these are shown as long term invts but whenever these are sold it would result in big amt of cash and value for this stock
Please chk this out and post ur comments on what u feel abt this
thnx