Scripscan:Summit Securities Ltd
cmp:76
Code:533306
Story:Summit Securities Limited, a non banking financial company, engages in investments in quoted and unquoted shares and securities. The company was formerly known as RPG Itochu Finance Ltd and changed its name to Summit Securities Limited in March 2010.This company has got more than 400 crore holdings in CEAT ,KEC,ZENSAR etc.If market gossips are to be believed then they are still buying more in secondary market apart from this it owns 43% stake in spencer & company which posses three 5star hoels valued somewhere around 400 crores.If one gives 50% discount to unquoted investments,take 200 crore value in hotels +400 crores quoted investments.Thus it gives a value of 600 crs for a company which at present has got a marketcap of only 84crs.
Btw:Its a source based information so kindly do your due dilligence before getting interested in the counter.
Tuesday, January 17, 2012
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