Moneycontrol PRO

Buy Mahindra Lifespace Developers; target of Rs 600: Sharekhan

Sharekhan is bullish on Mahindra Lifespace Developers has recommended buy rating on the stock with a target price of Rs 600 in its research report dated February 03, 2023.

February 08, 2023 / 03:48 PM IST
  • bselive
  • nselive
Todays L/H

Sharekhan's research report on Mahindra Lifespace Developers

MLDL reported strong residential pre-sales of Rs. 451 crore, aided by the back-ended launch of four new projects. IC&IC leasing and residential collections saw sequential improvement. Post Q3, it added Rs. 900 crore GDV projects, taking total of Rs. 2,600 crore GDV additions YTD. The current BD pipeline remains strong at Rs. 5,500 crore. The company continues to have a strong residential launch pipeline till early FY2025, while healthy industrial leasing is expected to sustain.


We retain Buy on stock with an unchanged PT of Rs. 600, considering favourable valuation and healthy growth outlook in both residential and industrial leasing verticals.

For all recommendations report, click here

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

Mahindra Lifespace Developers - 06 -02 - 2023 - khan

Broker Research
first published: Feb 8, 2023 03:48 pm