MOSL: MOrning India (4/October/22): 1. Mahindra Lifespace Developers | Initiating Coverage (Turning the tide with renewed vigor); 2. Technology 2QFY23 Preview; 3. HDFC; 4. Avenue Supermarts; 5. IndusInd Bank; 6
MOrning India (4/October/22): 1. Mahindra Lifespace Developers | Initiating Coverage (Turning the tide with renewed vigor); 2. Technology 2QFY23 Preview; 3. HDFC; 4. Avenue Supermarts; 5. IndusInd Bank; 6. Marico; 7. IDFC First Bank
Today’s top research Idea
Mahindra Lifespace Developers | Initiating Coverage: Turning the tide with renewed vigor
- Mahindra group has renewed its focus on real estate vertical and is now gearing up to unlock MLDL's growth potential with new management in place.
- The new management aims to grow its pre-sales by 2.5x by FY25E. MLDL's existing 9msf pipeline provides strong visibility for growth and further project additions will ensure FY25 pre-sales target is achieved a year in advance
- The IC&IC segment is expected to generate OCF of INR5b over next three years and along with INR14b of OCF contribution from residential segment will help meet capital requirement for business development.
- We believe company's business development ability not yet built into the valuations. Initiate with a Buy and SOTP based price target of INR550, denoting 17% upside potential.
Piping hot news
Vedanta's aluminium output rises 2% to 584,000 tonnes in second qtr of FY23
Vedanta Ltd on Monday said that its aluminium production increased by 2 per cent to 5,84,000 tonnes in the second quarter of the ongoing fiscal. The company's aluminium production in the corresponding quarter of FY22 stood at 5,70,000 tonnes, Vedanta Ltd said in a filing to BSE. The mined metal output at Zinc India during the July-September quarter also went up by 3 per cent to 2,55,000 tonnes over 2,48,000 tonnes in the same period of the previous fiscal.
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
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