HDFC Securities Stock Recommendations: Mahindra Lifespaces share price remains in base building mode after climbing to a life-time high of ₹550.75 in Sep 2022 on NSE. From the end of September 2022 till the end of January 2023, this Mahindra Group stock remained under profit booking. The pressure further declined near ₹345 levels. However, there has been a sharp rally in the stock in the last one month which has caught the attention of stock market experts and retail investors. According to HDFC Securities report, Mahindra Lifespaces share price may rise to the level of ₹459 per share in the coming two to three quarters.
Mahindra Lifespaces share price is currently at around ₹386 per share level and Mahindra Lifespaces share price target given by HDFC Securities is ₹459 per share, which means the brokerage expects around 20 per cent returns from the stock over the next two to three quarters. doing.
Unveiling the investment strategy with respect to Mahindra Lifespaces shares, HDFC Securities report says, "Mahindra Lifespaces Developers is poised to leverage tailwind in industrial business and plug-and-play infrastructure across multiple corridors and with strong additions to the land bank." Upcycling in the residential business is well poised for residential projects. MLDL is one of the few organized players with strong balance sheet and benefits from attractive cost of capital which enhances its competitive position."
The brokerage further added that prudent financial and professional management, track record of execution, healthy collections and strong business development pipeline along with presence in both residential and industrial segments; The company looks set to improve its reported revenue and earnings. Given the minimal inventory, negligible debt (considering deferred land payment); The company is well positioned to acquire new projects to drive upcycling.
On positional investors' suggestion regarding Mahindra Lifespaces shares, HDFC Securities said, "We are positive on the company with an NAV-based base case target price of ₹438 and a Bull case target of ₹459 in the next 2-3 going forward. quarters. Investors can buy the stock in the band of ₹382-390 and add more in the band of ₹330-337 on downsides."
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