Bemllandasset
BEML Land Assets cmp 240.53 by the Daily Chart view since listed*BEML Land Assets cmp 240.53 by the Daily Chart view since listed*
- Support Zone at 215 to 223 Price Band
- Daily Support at 223 > 205 > 184 with Resistance at 258 > 279 > 301
- Volumes seen as steady and stable thru entire month of October 2024
- Stock Price has sustained well above the Crossover of Rising Support and Falling Resistance Trendline
[ b]- *Support Zone tested retested seen for 4 times over October 2024 indicative of fresh upside momentum*
BLAL is a proxy Real estate investmentBLAL is a proxy Real estate investment...
The company owns 125 Acre in Bangalore, 400 Acre in Mysore, Flats and Apartments in Mumbai, Delhi, Kerala, Goa etc
Currently @160 Rs/share * 4.17cr shares the total value of the company itself is around 667cr
whereas, only the Bangalore land is worth more than 2400cr (20sites/acre * 1200sqft/site * 125acre * 8000Rs/sqft)
Target 1 = 210, Target 2 = 250, Target 3 = 300