Joined: 01/Jan/2006
Location: India
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Posted: 03/Feb/2010 at 10:06am
What I wanted to stress on was the historical discount maybe over the past 3 years and then if that average was above the current discount we can argue the case for a expending Pe.
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Accorfing to BFIR it is Mangalam Timber and not cement as said by one of the menber
Past will not be repeated in future but peaks and troughs do revert to mean, period and order of those peaks, troughs and mean days is the one i.e. not predictable- riser3 valuations
Joined: 13/Oct/2008
Location: India
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Posts: 143
Posted: 30/Aug/2010 at 5:21pm
Things are moving pretty fast, Kesoram is buying stake on one hand and Mangalam Timber is being forced up on
Past will not be repeated in future but peaks and troughs do revert to mean, period and order of those peaks, troughs and mean days is the one i.e. not predictable- riser3 valuations
One should not talk about death but demise of B.K. Birla would bring a re-rating of Kesoram Industries as it would become part of Aditya Birla group under control of Kumar Mangalam Birla
Originally posted by wiseowl
B. K. Birla's granddaughter (Vidula Jalan) gets Mangalam Cement. So, it cannot be counted at par with Ultratech or Grasim which are B.K. / K.M. Birla companies.Also, if I remember right, Mangalam Cement got out of BIFR some time back. Hope the expansion plan does not put it back under BIFR.
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