Moneycontrol PRO

Buy Mahindra Lifespace Developers; target of Rs 485: Sharekhan

Sharekhan is bullish on Mahindra Lifespace Developers has recommended buy rating on the stock with a target price of Rs 485 in its research report dated July 28, 2022.

July 31, 2022 / 02:42 PM IST
The research firm ICICI Securities believes earnings of apparel brands and retail companies under their coverage may surprise positively from Q3FY22E as the likely demand recovery may result in better than expected margin performance. Some of the costs savings achieved during pandemic may sustain and coupled with high operating leverage may lead to higher than pre-covid margins from Q3FY22E.  Stocks like Trent, V-Mart and Aditya Birla Fashion and Retail are the preferred picks backed by their strong and consistent track record of execution.

The research firm ICICI Securities believes earnings of apparel brands and retail companies under their coverage may surprise positively from Q3FY22E as the likely demand recovery may result in better than expected margin performance. Some of the costs savings achieved during pandemic may sustain and coupled with high operating leverage may lead to higher than pre-covid margins from Q3FY22E.  Stocks like Trent, V-Mart and Aditya Birla Fashion and Retail are the preferred picks backed by their strong and consistent track record of execution.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Sharekhan's research report on Mahindra Lifespace Developers


MLDL reported strong performance in terms of residential sales and IC&IC lease for Q1FY2023. Residential operating loss continued as per expectation. Net earnings boosted by one-off items. The company added Rs. 1700 crore GDV project during Q1FY2023 and has a land deal pipeline of Rs. 5000 crores for balance fiscal. It expects to close Rs. 1000 crore land deals over 2-3 months. The company has strong project launch pipeline of Rs. 1250 crore to Rs. 1500 crore for balance fiscal. It expects to foray into society redevelopment in current fiscal.


Outlook


We retain a Buy on stock with an unchanged price target of Rs. 485, considering its strong growth potential in both residential and industrial leasing businesses.


For all recommendations report, click here

Close

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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.

Mahindra Lifespace Developers - 290722 - khan

Broker Research
first published: Jul 31, 2022 02:39 pm
Sections
ISO 27001 - BSI Assurance Mark