Takeaways from interview of Porinju on ET
DLF (CMP: 118):
- DLF fallen off the cliff because of 1) SEBI ban for 3 years from accessing capital markets 2) Govt will probe alleged irregular deals with Robert Vadra.
- The other investors are 'scared' to look at DLF is the cue for a 'value investor' to grab the stock.
- "These nagatives are actually an oppurtunity to buy into great asset at a throw-away price" - Porinju
South Indian Bank (CMP: 27):
- It's attractive given its valuations, geographgy and scale of operation.
- [Kamlesh: Mohnish Pabrai has recently invested in his stock recently. Other big names invested in stocks are Billionere MA Yussufali and Renuka Ramnath]
Nitta Geletin (CMP: 186):
- JV between Keral Govt and Nittal Geletin of Japan.
- He cautined that it is very illiquid stock and hence price movements can be very volatile.
Real Estate stocks:
- As per Porinju, Godrej Properties, Sobha Developers, Oberoi Reality are some good names with ethical prmoters, quality management, and clean balance sheet.
Recommendation in Megacaps:
- Among Mega caps, Porniju recommends Hindustan Petrolium Corporation (CMP: 519), Reliance Industries (CMP: 951) given discount to intrincic value.
