Bombay Burmah Trading Corp (Recommended By Porinju Veliyath, Sunil Singhania & Ashish Chugh) Research Report By NVS Wealth Managers
Bombay Burmah Trading Corp (Recommended By Porinju Veliyath, Sunil Singhania & Ashish Chugh) Research Report By NVS Wealth Managers | |
Company: | Bombay Burmah (BBTC) |
Brokerage: | NVS Wealth Managers |
Date of report: | May 17, 2019 |
Type of Report: | Result Update |
Recommendation: | Buy |
Upside Potential: | 100% |
Summary: | A GEM FROM THE HOUSE OF WADIA’S … |
Full Report: | Click here to download the file in pdf format |
Tags: | Bombay Burmah (BBTC), NVS Wealth Managers |
A GEM FROM THE HOUSE OF WADIA’S… The Bombay Burmah Trading Corp. Ltd. (BBTCL) is a part of the prestigious “WADIA Group” with a legacy of more than One and Half Centuries, having business interests in Plantations, Foods, Laminates, Electronics and Light engineering, Health care, Real Estate and Horticulture and is the HOLDING COMPANY of the Group.
After immense success in the business of Teak, BBTCL diversified its interests in Tea, Coffee, Dental Products and Formica Laminates, the Company owns large Tea, Coffee and Rubber plantations, the controlling holding in the group listed arms Britannia Industries and substantial holdings in the Flagship Bombay Dyeing & Manufacturing Company. BBTCL through its step down subsidiaries holds 50.65% in the Biscuit Major – Britannia Industries, a BSE and NSE listed Company with a Market Capitalization of Rs. 66,760 Crs. BBTCL which has a tiny Equity Share Capital of Rs. 13.95 Crs. (Face Value Rs. 2) holds huge treasure in terms of Wadia Group Shares with an aggregated Market Capitalization of around Rs. 69,000 Crs. – THE MARKET VALUE OF BBTCL HOLDING AT A WHOPPING RS. 34,722 CRS. What it means is that you can indirectly buy Britannia Industries and Bombay Dyeing and Manufacturing Company shares which are currently quoting at Rs. 2,778 and Rs. 110 per Share respectively at a price of Rs. 623 per share and Rs. 25 per share respectively… AN UNBELIEVABLE DEAL. We strongly recommend the investment in shares of BBTCL at a CMP of Rs. 1,115, with a potential to double over next 18 months. |
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