One stock that everyone seems to have missed is FACT (Fertilizers and Chemicals Travancore Ltd., Kerala). This GOI owned company is sitting on 2200 acres of prime real estate which they have valued at less than Rs. 1 lakh per acre. The new airport-seaport road leading from Cochin airport to the upcoming Vallarpadam Container Terminal will go right through FACT property.
Till recently the stock was valued at about Rs. 20 to 22, but recent bullishness about fertilizers have pushed it to Rs.40 plus. Once the fertilizer mania has passed (if indeed it does), the stock may very well be available again for Rs. 20 plus, when it would be an excellent long term buy.
Additionally, the company has vast deposits of gypsum which has suddenly increased in value from Rs. 50 per tonne to Rs. 1000 per tonne in view of a new technology developed for its conversion to a durable construction material. The new management of FACT has decided to manufacture new value added gypsum product themselves. then again, the upcoming Petronet LNG terminal in cochin will soon enable the company to get cheap gas.
This seems to be classic Warren Buffet pick (if it goes back to below Rs. 30) which everyone seems to have ignored.