Sharekhan's research report on Mahindra Lifespace Developers
Residential demand in MMR, NCR and Pune remain healthy across price categories post Q1FY2022. Expect to launch three projects over next six months. Land accretion to be focus area in residential segment to prop up sales and execution. Expect to conclude 1-2 land deals in near term. IC&CS business to gain traction over a year with easing travel restrictions, pick up in manufacturing activities, manufacturing push through PLI. IC&CS contribution can lead to overall net profitability in FY2023.
Outlook
We retain a Buy on stock with a revised price target of Rs. 340, led by industry growth tailwinds and strong balance sheet.
For all recommendations report, click here
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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
Read More
