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 HDFC Securities's Stock Idea
HDFC Securities is Bullish on Mahindra Lifespace Developers Ltd.
Idea Submitted on 17Sep,2018
  • 213 Total Ideas
  • 1 Active Ideas
  • 212 Closed Ideas
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      Buy Mahindra Life. Dev Idea
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      Idea Status :  Closed
    Time Expired
    Idea Closed at 407.8
     Time Frame
     Start Price
     Target Price
     Stop Loss
     Projected Gain
    108 (23.63% Upside)
     Returns Achieved
    -49.2     -10.77%

    We see 23% revenu e CAGR, 31% EBITDA and 26% PAT CAGR over the same period, led by Mahindra World Clusters at Jaipur and Chennai and higher sales from its residential units. The stock trades at ~15x FY20E earnings and ~1x FY20 book value. Based upon ~1.4x price/book and ~18x FY20 earnings, we have arrived to TP of Rs 565. We recommend Mahin dra Life as BUY at CMP of Rs 457, and add on dips to Rs 414 with TP of Rs 565 over the next 4-6 quarters.

    • Stoploss not specified.(stoploss of 40% auto inserted)

    Link to Report: READ FULL REPORT

     Stock Price Movement (EOD Basis)
     C.M.P Mahindra Life. Dev
    Buy Calls: 2 Sell Calls: 0
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