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Tuesday, September 11, 2007

Re-rating of Peninsula Land

Peninsula Land Limited has vide its letter inter-alia stated, "The Company has entered into an Agreement for sale of 5,75,000 sq. ft. out of its proposed development at its Dawn Mills (Peninsula Business Park) premises at an approximate consideration of Rs. 1,054 crores to Alok Infrastructure Pvt. Ltd."

What does this mean?

Well this means, peninsula land is going to rock in coming days.

Their can be a re rating happening for this scrip now. The total market cap of the scrip is 400 - 600 crores, this is a huge deal. There is another similar property which will be sold for a rumored 1500 crores or more.

This might just see the scrip shoot up in the coming days.
My very short term target is 750.

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