November 07, 2016

Dhruv Estates -Fair Value Guidance Wanted

Can anyone throw light on Hidden Value of Dhruv Estates Ltd (BSE Code : 507886)

As per last annual report of the company, promoters are trying to delist the shares from exchange and also wants to dispose off land held (15 acrs 38 gts) by company in Palghar

Equity of the company is too low of only 9,62,300 shares out of which 6,23,000 shares are held by Promoters

What can be fair value of shares ? 


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Dhruv Estates is developing Bungalow plots at a real Real Estate project at Zanjaroli ( Palghar ) near Kalyan , Mumbai.


It appears , Local Train services to this site have improved in the recent times.  

http://www.indiarailwayinfo.com/2016/09/dahanu-road-borivali-local-train-emu.html

Now , the Promoters want to Delist.

Dhruv Estates Annual Report 2015-16 :-

http://www.dhruvestates.com/wp-content/uploads/2016/08/32-AGM-REPORT-2.pdf

Official Site :-

http://www.dhruvestates.com/

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Blog Caution : Please Recheck all facts before taking any Investment Decision.  


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