Sharekhan’s research team has adopted a bullish view on Mahindra Lifespace Developers. Sharekhan in its research report has a buy rating on the stock with a target price of Rs 340. Apart from this, Sharekhan has also given an opinion on Sanofi India. Sharekhan has given buy rating in this stock with a target of Rs 9250.
Sharekhan’s Research Report on Mahindra Lifespace Developers Limited (MLDL)
Mahindra Lifespace Developers Limited (MLDL) will get 9.24 acres of land in Kandivali area of Mumbai on favorable payment terms. The total development value of this project is traditionally estimated at Rs 2500 crores. This amount is for 5-7 years. The company will undertake 2.5-3 MSF projects with a GDV of Rs 2,000 crore by H1FY2023. The company’s project pipeline looks strong for FY2024 with the launch of new projects and augmentation of existing projects. MWC, Jaipur near MLDL The company has 590 acres of SEZ land.Any favorable changes on the SEZ policy by the government will benefit the company.
With a strong growth outlook for this stock, we maintain Buy Rating with a target of Rs.340.
Today at 12:31 PM Mahindra Lifespace Developers was trading down by Rs 3.05 or 1.03 per cent at Rs 292.00. Today it has touched an intraday high of Rs 302.00 and an intraday low of Rs 288.45.
Dealing Rooms Check: Brokerages expect a rise in this pharma and IT stock, fierce buying in dealing rooms
Sharekhan’s Research Report on Sanofi India Limited (Sanofi)
Sanofi India Limited (Sanofi) gave a positive commentary on the business update interacting with investors. Their commentary points to a promising growth outlook. Sanofi focuses on three areas – Growth in Diabetes Science, Established Further strengthening our presence in products and becoming a brand in consumer products. Growth from disinvestment of slow-moving business and OPM expansion using digital will drive double digit Earnings CAGR. Strong and debt-free balance of the company Sheet, strong dividends are positive for this.
Hence, we retain the buy rating on this stock with a target of Rs 9250.
Today at 12:32 pm, Sanofi India was trading at Rs 7,188.00, down by Rs 61.20 or 0.84 percent. It touched an intraday high of Rs 7,240.00 and an intraday low of Rs 7,166.00.
,