I had recommended Maharashtra Scooters (MSL) more than a year ago. It has appreciated almost 100% since then. ( Please note that the market is not in bull phase) Please see my previous analysis here .
When I did further analysis I understood that MSL has done significant investments in different quoted and unquoted scrips. It holds quite a large number of shares of Bajaj companies. As per their management's notes, the total quoted investment's value is about Rs 1350/- per share. All unquoted investments / huge land and plant located at Satara is totally discounted here. If one has to count all this, the actual price per share will be more than Rs 1500/- per share. Today (11/07) it is trading at Rs 359, I had recommended it when it was in the range of 170-230. Whenever WMDC and Bajaj settle on a price, this may touch 4 digit value.
In other words you are getting something like a mutual fund with steep 75% discount on its NAV.
