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Peninsula Update
Peninsula Land is going the way Patel Engg has traveled in last 30 months. We had picked up Patel Engg at Rs 165 a Rs 10 paid up share even before the placement had happened to FII. Since then Patel has become a real multi bagger story.
Peninsula is at the same stage. Co has already sold Rs1000 crs FSI to ALOK in DAWN mills. It has decided to sell 15% stake to LEHMAN Brothers. And sources claim that co selling another part and parcel of FSI to a leading corporate for Rs 1200 crs.
All this will make Peninsula Balance Sheet very healthy and we think from hereon this stock will never look back and will rise to Rs 1000 in next 30 months simply because of the huge cash flows which is coming in the company.
We suggest long term investors to catch this young infra baby where action is set to start.
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