TATA COMM - A Value Buy For Investors CMP Rs 356

TATACOMM is a good stock in bad times, the stock has been removed from Nifty so index based fund sold-off after which Telecomm stock saw huge correction. The Company has 773acres of land all over India and Government of India should decide the mode to liqiudate and present market Rs.356 is attractive buy for long term investor as normally promoters TATA group hike stake when price reach this level.

The location and valuation of the land bank:-

Location	Land Area
	Acres	Mn Sq Ft
Delhi - Greater Kailash	70	3.05
Delhi - Chhattarpur	58	2.53
Pune - Dighi	524	22.83
Kolkatta - Halisahar	35	1.53
Chennai - Padinallur	86	3.74
Total	773	33.68

Brokerage House	Value per Share	Time
IIFL	141	Jul-08
JP Morgan	198	Oct-06
Kotak	169	Oct-06
BNP Paribas	151	Apr-08
CLSA	180	Jun-08
IndiaBulls	126	Aug-08
Religare	110	Sep-07

Govt fiscal deficit is running high so it would like to mop-up revenue by selling stake in PSUs. TATACOMM surplus land minority stake in Companies like TATACOMM can get disinvested in future.