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!
Sharekhan's research report on Mahindra Lifespace Developers
Mahindra Lifespace Developers Limited (MLDL) is expected to achieve its lifetime quarterly high pre-sales booking of over Rs. 1,000 crore in Q4FY2024 led by stellar response garnered in Kandivali project, contribution from Chennai project launch and sustenance sales from existing projects. MLDL added a Rs. 1700 crore GDV project recently taking total business development to Rs. 4000 crore during FY2024 till date. BD pipeline to remain healthy at Rs. 5000-6000 crore with new net deal additions. The management re-iterated its aspirational target of achieving Rs. 8000-10000 crore residential sales booking by FY2024. The launch pipeline till FY2025 end remains stellar.
Outlook
We retain a Buy rating on the stock with an unchanged PT of Rs. 736, considering strong scalability in the business in five years, well-supported by the realty upcycle.
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!