hey nimish , i have myself thought about this question as to why has the company not sold its hero moto holding completely and cleared its debt.
the price of hero 3 years back on this day was rs 3783 , now its rs 2395.
In the last three years majestic auto has sold a little of its holding in hero.
so i checked the 2008 annual report which shows 16.25 lac shares of hero motors , as of today its down to 9.21 lac shares of hero.
In the past majestic auto had cross holdings in other group companies which got untangled in the last few years due to the hero group reorganization.
So lets see what happens in the future. one thing i am sure of is majestic auto is definitely not some kind of holding company of hero motocorp and will gradually reduce its holdings or raise debt and buyout commercial space. Either ways there would be growth.
Does anybody have any details about knowledge boulevard in noida, what could be the currrent market value of that building ?
ps: if all the hero moto shares are sold today and debt paid off , the net profit will double
In a few years MAYBE majestic auto could become a noida based Reit/Nesco type of stock .
If they execute well, market will definitely start taking more notice.
Disclaimer : i am invested ,my opinions might be biased