u/Prestigious-Tale-197

Author holds Lancor Holdings, arguing Q1 FY27 PAT of ₹17.24 cr was mostly from selling half a floor of Menon Eternity, with four and a half floors left booked at only ₹28 cr versus ~₹190 cr market value. He calculates the after-tax gain adds ~₹16/share to net worth, putting real book value near ₹45 versus ₹29 reported, so ₹40 is below book. He targets ₹65-70 at 1.5x book and ₹150 at 3x, with a 30 paise dividend including a special component and a 21st record date as near-term catalysts. Main stated risk is that it is a small, illiquid SME-type counter.