Nov 02 2023, 10:38
5 real estate stocks with upside up to 47%:
Stock markets also have cycles where they will take a liking to a particular sector in such a manner that valuations will go through the roof. Then comes a phase, where the same sector is thrown down the dumps. Real estate sector is one sector where in 2008, valuations were at their peak. then come and fall and by the start of 2020 valuations were in the dumps. While they made a comeback when covid rally took place in 2020.
Right from change in laws, competition weeding out of weak players, increase in demand taking care of excess inventory, new projects getting lapped at a higher price.
Regulatory changes like bringing in RERA, banks getting aggressive in recovering dues from builders and also judicial intervention had an impact on the working of the industry.
There were some apprehension about the commercial real estate as it was believed that work from home will impact the commercial and specifically, the office rental space. But in the case of commercial real estate, malls and shopping part of the commercial real estate has done well.
Analysts are once again optimistic about real estate stocks. will they be proven right this time.
IT and ITES which are among the biggest customers and these industries have strong presence in both these parts of the country.
Real Estate stocks - Upside potential
Nov 1, 2023
MISSING: summary MISSING: current-rows.
Company Name Avg Score Reco Analyst Count Upside Potential % Inst Stake % Market Cap Type Market Cap Rs Cr
Sobha Ltd 3 Strong Buy 16 47.3 23.0 Mid 6,755
Mahindra Lifespace Developers 2 Strong Buy 7 26.7 32.7 Mid 7,607
Oberoi Realty 6 Hold 23 23.0 24.4 Large 41,289
Phoenix Mills 9 Buy 15 21.7 39.5 Large 32,441
Brigade Enterprises 4 Strong Buy 14 20.1 33.9 Mid 14,197
Calculated from highest price target given by analysts
Mahindra Lifespace Developers Limited is a real estate development company. The Company along with its subsidiary companies is engaged in developing residential projects in the premium and value housing segments, as well as integrated cities and industrial clusters.
Oberoi Realty Limited is a company that is engaged in the business of real estate development and hospitality. The Company operates through two segments: Real Estate and Hospitality.
The Phoenix Mills Limited is a real estate development company. The Company is engaged in the development and leasing of commercial and retail space. It operates in two segments: Property and related services and Hospitality.
Brigade Enterprises Limited is a company, which is carrying on the business of real estate development, leasing and related services.
source: et
Nov 03 2023, 15:27