Saturday, November 18, 2006

Stock Idea:: Harrisons Malayalam

I've bought into this stock. It owns large plantations in South India, is part of the RPG group. South india is where I see property prices zooming in the future- it's far safer and has a much better political environment as compared to the rest of India. The stock is trading at a P/E of 2.2 inspite of this being an asset heavy business. The entire business is presently worth about 150 crores.
..What do you think it should be worth? Visit their website to see their acres under cultivation.

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First Column for Times Property

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