Buy Mahindra Lifespace, target of Rs 497: Sharekhan

4714 Investors following Mahindra Life. Share this News with them.

0

Like this story, share it with millions of investors on M3

Buy Mahindra Lifespace, target of Rs 497: Sharekhan

Buy Mahindra Lifespace Developers with a target price of Rs 497, says Sharekhan's research report.

Post your opinion here

 

0

Tweet

Share on Tumblr

RELATED NEWS Mahindra Life has target of Rs 493: Deshmukh ALSO READ See previous views by Sharekhan See what other Experts & Brokerages are saying about Mahindra Life See messages about Mahindra Life Mahindra Life BSE | NSE 30/05/12 Are Mutual Funds betting on Mahindra Life?

Sharekhan has maintained its buy rating on Mahindra Lifespace Developers with a target price of Rs 497 in its September 9, 2009 research report.

"On consolidated basis, MLD showed impressive performance in FY2009 due to strong performance by Mahindra World City (MWC) at Chennai and MWC at Jaipur subsidiaries. We have revised our price target to Rs 497 (1x FY2011 NAV). We maintain our Buy recommendation on the stock. At the current market price, the stock is trading at 0.7x its NAV, 1.2x FY2011 P/B and 10.4x FY2011 earnings estimate," says Sharekhan's research report.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.