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Saturday, November 21, 2009

Kamanwala Housing Construction - Small Cap Real Estate Stock To Buy

Kamanwala Housing Construction Limited (KHCL) is a company with a 20-year track record. They are based at Mumbai, the commercial capital of India. Kamanwala have 12 ongoing projects spread across the prime location of Mumbai like central and western Mumbai – Bandra Kurla Complex, Andheri, Santa Cruz, Malad and Versova.

Kamanwala Housing Construction - Small Cap Real Estate Stock To BuyMumbai’s Filmistan studio is owned in partnership by Kamanwala and they are coming up with development of this 7 lakh sq ft of land to a shopping mall. Kamanwala has entered into joint venture with M/s. Prajay Engineers & others to construct at Patancheru, Hyderabad. The work has already began.

Kamanwala stock is a dividend paying company. They also gave bonus shares last year.

Big investors who are buying stocks of Kamalwala constructions:

=> Mavi investment’s Nirmal Kotecha of Pyramid Samira fame is buying this stock

=> Nisha Suman Jain is holding a major quantity of more than 10 % and in bulk deal it shows that she is increasing her stake at every stage. She is HNI who is director of Jainson Group of Industries, Build2 Last Infrastructure and a film producer of Maalik Ek.

=> Ashok Parmar, a HNI from Pune has invested in Kamanwala. He is known for acquiring a big stake in the company he invests in and according to news, he is also increasing his stake in Kamanwala. He has been in news for acquiring a high stake in Videocon and shooting its price up.

=> Religare holds a good amount of quantity and they are in the process of increasing it further.

Real estate sector and housing has started recovering from recession but it will take time. Mumbai real estate price has been shooting up for some time now and 2010 would observe the recovery in prices.

The company would achieve a turnover of Rs.1800 cr in 18 months( March 2011) due to completion of its projects which totals up to 20 lakh sq ft. Following this, the expected EPS for 2011 is Rs.150 - Rs.200. It is a small cap stock to buy and one can buy especially if it corrects from current CMP of Rs. 70.

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