HDFC Securities Stock Recommendations: Mahindra Lifespace share price remains in base building mode after climbing to life-time high 550.75 level on NSE in September 2022. From end-September 2022 to end-January 2023, the Mahindra Group scrip came under profit-booking pressure and almost bottomed out. 345 each level. 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 increase 459 per share level in the coming two to three quarters.
Mahindra Lifespace’s share price is currently around 386 per share level and Mahindra Lifespaces share price target given by HDFC the security is 459 per share, which means the brokerage is expecting around 20 per cent returns from the stock over the next two to three quarters.
the unveiling Investment Strategy With respect to Mahindra Lifespaces shares, HDFC Securities report said, “Mahindra Lifespaces Developers to leverage tailwind in industrial business and land bank for residential with plug-and-play infrastructure across multiple corridors and upcycle in residential business.” MLDL is one of the few organized players with a strong balance sheet and benefits from an 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 suggestion to positional investors on Mahindra Lifespaces shares, HDFC Securities said, “We are positive on the company and have placed NAV based base case target price. 438 and Bull Case Target 459 over the next two-three quarters. Investors can buy shares in the band of add more on 382-390 and dips 330-337 band.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint. We advise investors to do due diligence with certified experts before making any investment decision.
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