Maharashtra Scooters Ltd 23rd June 2016

Maharashtra Scooters Ltd

Reiterate Buy and Hold. We see deep value. Maharashtra Scooters ltd’s investment into Bajaj Group as on 23rd June 2016No of shares Name of the company Rate 23-06-16Value Value ( In crores) 1897466Bajaj Finnace Ltd 7627.0014471973182.001447.206774072Bajaj Auto 2633.0017836131576.001783.613725740Bajaj Finserve Ltd 2633.009809873420.00980.993387036Bajaj Holding and Investment 1580.005351516880.00535.15 Ncd 1260000000 48729495058.004872.95 No of shares 1.14Per share investment  4263.30

Recently value investor Ramdeo Aggrwal also has started accumulating the stock.  Maharashtra Scooters Ltd investments have been shown in the above table. The value of investments as of today is at 4263/Share while the Current share price as of yesterday is at 1362. Hence we have a upside potential of over 100 percent. In our valuation assessment we have not taken into consideration land bank held by the company at Satara in Maharashtra which is currently valued at over 250-300 crs.

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