Buy DS Kulkarni

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Buy DS Kulkarni

Sandeepa Arora of India Infoline is of the view that one can buy DS Kulkarni.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See what other Experts & Brokerages are saying about Arihant Found See messages about Arihant Found Arihant Found BSE | NSE 30/05/12 Are Mutual Funds betting on Arihant Found? Other Stocks in this news D.S. Kulkarni Developers | Prajay Engineers Syndicate | Ansal Housing and Construction |

Sandeepa Arora of India Infoline is of the view that one can buy D.S. Kulkarni Developers .

Arora told CNBC-TV18, "We have narrowed ourselves down to tier I and tier II cities because we don't see that much growth in tier III cities, it will come in but it will be a little later. So we have narrowed it down to the fastest growing cities, which is Pune where DS Kulkarni has its presence and is probably the only listed player from Pune. So that is a company that we have put a buy on. We have put a buy when the market price was Rs 260. Now that company has if one value its land buying that itself converts to about Rs 170 per share. We have put a target of Rs 418 so that is basically a Pune story."

She further added, " Prajay Engineers is a Hyderabad based company, it has been doing mass housing so far but if one look at all of these companies whatever project they have done in the last 3 years they are going to do equal amount or rather 3-4 times than that in the next 3-4 years. So the growth is going to be in the range of 50-75% over the next 3-4 years. So Prajay is more a play on the Hyderabad market."

Whereas if you look at Arihant Foundation that is probably the only listed player in the Chennai market and they also have a JV with a pan India presence company which is a very large company. So again if looking at Chennai as a market which is growing especially on the Old Mahabalipuram Road (OMR) road. They have a lot of projects coming in including an SEZ. These are the three companies that we are looking at from these three cities."

"Other than that we have looked at Ansal API for which the merger with ATPL will also be through. Again that company has a land bank of 6000 acres and 2000 being from the merger coming in which is essentially National Capital Region, NCR and the merger brings in exposure to the entire north which is Rajasthan, UP, Haryana etc. so that is another company that we have looked at and put a buy on and the last company is Ansal Housing that is more on the NCR and the peripheries of NCR."

"So these are the five companies essentially a play on the tier II cities where we are seeing growth coming in the next 3-4 years and there is clear visibility and that is the key that there is visibility and most of their projects are online and they are not expected projects, they are projects which are already on. These are the five companies that we have essentially looked at."