HDFC Securities Assigned " Buy" On Midcap Real Estate Stock, Sees Strong 43% Upside
HDFC Securities has assigned a " Buy" on Mahindra Lifespaces Developers Ltd ( MLDL), a mid- cap Mahindra Group's Real Estate stock.
It has a market capitalisation of Rs 5,664.81 crore.
The last traded share price of MLDL on NSE is Rs 366.40 apiece, down 3.30 apiece as compared to its previous close of Rs 378.90 apiece.
The stock recorded its 52 week low on 7 March 2022 at Rs 275.05 apiece and 52 week high on 12 September 2022 at Rs 550.75 apiece, respectively.
In the last 1 year, it has gained 29 .36%. It gave a robust return of 181 .95% in the past 3 years and 142 .49% in the past 5 years, respectively.
Charting a new path
Mahindra Lifespaces Developers Ltd ( MLDL) announced the appointment of MD & CEO, Mr. Amit Kumar Sinha, after Arvind Subramanian resigned from his post as MD & CEO to pursue personal interests.
As communicated by Mahindra group CEO & MD Dr. Anish Shah, the new CEO will have the freedom towards capital allocation ( with input from the board).
HDFC Securities says Buy for a target price of Rs 521/ share
The brokerage said, is .
The stock has been picked from the brokerage report of HDFC Securities.
Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. advises users to consult with certified experts before making any investment decision.
By Shubham Kumar Goodreturns source: Dailyhunt