Promoters had given value of Rs. 160 to TREL. By that parameter it is trading at huge discount. They hold big land bank as shown on their website. The results though not very encouraging the discounting is more in line with real estate companies.
I have recently added to holdings received off demerger. Current investment over 1% of PF.
Its a risky bet, as not much information available on this. This is creating lot of confusion, and they took much more time to list in markets.
No reco. Its a high risk proposition due to lack of information.
I wonder what has happened to money that they got against sale of land bank - it runs into 100s of cr.
Subscribe To Our Free Newsletter |