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Q.

Please tell me the target price for ths share.

About: Company: Empee Distilleries Ltd.

Tags: target price for ths share
Asked by JYOTI, 11 Dec '07 10:35 am
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Answers (3)

1.

The company is developing part of its 20.88 acres freehold property located at Sriperumbudur, Kanchipuram District, into 12.23 lakh sq. ft. of residential space and 3 lakh sq. ft. of basement. This project was approved by DTCP in March 2007 and hence eligible for deduction under Section 80-IB of the Income Tax Act. This would make the company eligible for 100% tax exemption on the profits to be earned from development of this property. The project has 840 flats and estimated selling price is around Rs.2,850 per sq. ft. in addition to realization of Rs.1,000 per sq. ft. for basement. Considering cost of construction and development of Rs.1,500 per sq.ft., this would translate into a profit of Rs.195 crores which would get realized in the next three years by September 2010. Remaining 2.38 acres of land would be used for setting up godown for storage of bottle and 1.53 acres for commercial use.



The company also owns 13 acres 10 cents land at Poonamalle Taluk in Tiruvallu ...more
Answered by SHAHUL, 13 Dec '07 08:09 pm

 
  
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2.

500
Answered by bankim roy, 11 Dec '07 10:37 am

 
  
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3.

I am holding as it is much cheaper thann peers like radico khaitan etc..
could reach around 500 in 2 years time..
seems a great buy@180 levels
PS: I hold 44@ipo
Answered by halfbloodprince, 04 Mar '08 02:19 am

 
  
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