Once MF top picks, now value buys (CNBC-TV18, Moneycontrol.com 24th Jan 2008) Which stocks now represent value, post the correction and mild recovery? CNBC-TV18 takes some top picks from a list of mutual funds and private equity players, from the time that they picked up their stakes and evaluates. There have been interesting price movements in some of the stocks, but more importantly the basis for these movements are far more interesting. The first stock on our list is Praj Industries, it's trading around Rs 165 and hence fallen nearly 40% from its peak at Rs 265 per share. But interestingly, Tata Sons bought nearly 7.34% stake at Rs 252 per share, so one pays around 35% less than what Tatas paid at the time of acquisition of their stake. Jai Corp is another stock where the price is trading around Rs 815 and fallen around 44% from its peak of around Rs 1,450. This was the biggest private equity dealing stock in the secondary market and the company raised around USD 500 billion at...
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