Noida Toll Bridge

I have been observing Noida Toll Bridge from last few months. Here are few posts that started my interest in this stock. I also found some more analysis on SP Tulsian's website.

http://maxiwealth.blogspot.com/2007/11/noida-toll-bridge.html
http://www.moneycontrol.com/india/news/stocks-views/hold-noida-toll-bridge,-says-a-kappor/313100
http://www.moneycontrol.com/india/stockpricequote/constructioncontracting-civil/noida-toll-bridge-company/14/01/NTB
http://priyanka-stocks.blogspot.com/2007/11/noida-toll-bridge-company-ltd-ready-to_13.html

Particularly, what attracts me to this stock are factors below:

1. Business is very simple to understand and follow
2. Financials look decent. However, this is based only on my cursory look at their annual report
3. They have around 230 Acers of Land in Delhi / Gurgaon. If they succeed in getting regulatory permission to develop the land, this stock will be a multi bagger
4. The company is promoted by ILFS & Govt.
5. It's a 'low priced' script. So I am 'psychologically' attracted

An interview with Pradeep Puri, MD of Noida Toll Bridge appeared on Money Control few days before. Here is the link.

In the investment style that I strongly follow, I have started buying in small quantities. As and when I get more comfort, I will build my position. Recent crash has given me the opportunity to buy more at a very attractive valuation.

Regards,
Rohit

Disclosure
As stated above, I am long on Noida Toll Brige