Scripscan:Dharani Finance Ltd
cmp:5
Code:511451
Story:Dharani Finance Limited, a non-banking finance company, provides a range of financial and travel services in India. It offers foreign exchange and travellers’ cheque services. The company operates as a travel agency and tour agents; and functions as forwarding agents and freight contractors, as well as offers car rental services. It also provides logistics services, such as customs clearing forwarding, transports, warehousing internal logistics, air and sea international freight forwarding, and air and sea cargo consolidation. In addition, the company involves in sourcing and trading merchandise, including generics and hospital consumables, ceiling/table/pedestal fans, stainless steel base kerosene wick stoves, shop and house hold power generators, industrial plastics, auto spare parts and garage equipments, agarbathies, Indian handicrafts and wall handlings, cotton textile yarns, terry towels, rubber gloves, condoms, white toothpastes, and ayurvedic cosmetics.In Dharani Finance the possibility of money going to ZERO is negligible, it provides car fleet to 5 star hotel owned by a group company. It has portfolio of 4 Crore Rs in equities and 1.5 Crores cash, more than its market cap of 3 Crores, paid dividend and was unaffected by 2008-09 crash. I don't think management is interested in scaling operations just yet.Dharani Finance may have some short term potential since group company is expected to come up with a second 5 Star Hotel and car fleet requirement will double.An interesting stock to have it under your radar.
Source:Amit arora
