Scripscan:Morarka Finance Ltd
BSE code:511549
cmp:7
Story:Morarka Finance is a holding company of Sugar giant called Dwarikesh Sugar.The former one holds 15% of the equity of the later one. There are many investment companies in India floated by the promoters where an investment company into the main company indirectly holds the holding. The most talked about company is TATA Sons, which holds stakes in almost all the TATA group companies and TATA family in turn holds TATA Sons. Vedanta is a holding company of Sterlite group, which is listed on London Stock Exchange.The current market value of shares held by Morarka finance is Rs.11 crs and the 70% value is Rs.7.7 crs, on the other hand the current market capital is only Rs 3 crs.Even if we give a higher discount of 50%, a value of Rs.5.5 crs can be very easily assigned to the company. And we must not forget here is that Dwarikesh is expected to make a bumper profit in going ahead because of high sugar prices. In that case, the valuations of Morarka will go up much more.Punters expect morarka to move 30-40% in the coming few months.
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