'Developers forced to put off SEZ leasing amid delay over new bill'
Further, delayed implementation of the DESH Bill along with fresh exit notices for FY24 by a few large tenants in January-March 2023 period has dampened the mood further. "As a result, all the office REIT managers - Embassy, Mindspace and Brookfield - have refrained from giving distribution guidance for FY24 given the uncertain near-term outlook. While REITs may underperform in near term, the very factors which are driving this underperformance may reverse from FY25," ICICI securities has said in the report.
4 sectors Andrew Holland is bullish on for near term
So anything, any economic-related sector which is vulnerable has really kind of seen a big fall over the past six months as well. Whereas in India, you mentioned before that the small cap index has hit new highs.
Here's why Chris Wood is bullish on the real estate sector
Last year, they corrected because we were in a monetary tightening cycle. But actually, the actual physical property market kept recovering. So, the moment we get a hint of easing, the property market stocks will do very well.
Luxury rentals in South Delhi, Gurgaon witness significant increase
"The surge in demand for luxury properties has also had a direct impact on property rentals. As property prices rise, rental rates tend to follow suit,” said Ashwin Chadha, CEO, India Sotheby's International Realty. “This means that the rental market for luxury properties has experienced an upward trend, with landlords commanding higher rentals due to the increased demand and limited availability of such upscale accommodations.”
2 specialty chemical stocks to go for if you seek 40-50% upside in next one year: Sanjiv Bhasin
Sanjiv Bhasin of IIFL Securities, recommends investing in two specialty chemical companies, Chemplast Sanmar and Jubilant Ingrevia, for a potential 40-50% upside in the next year. Bhasin also praises the Adani Group and believes the long-term story remains robust. He suggests investing in cement companies such as ACC and Ambuja combined to gain market share, as infrastructure and construction activity is on the rise.
Stocks to buy today: L&T, HCL Tech among top 7 short-term trading ideas for 23 May 2023
Indian market is slated to trade higher driven by global cues. S&P BSE Sensex rose over 200 points, while Nifty50 closed above 18300. India VIX was up by 2.20% from 12.30 to 12.57 levels. Options data indicates a broader trading range between 18000 to 18500 zones, with an immediate trading range between 18150 to 18450 zones. Traders with a short-term horizon can buy JSW Steel, HCL Technologies, and DLF. While L&T, Bharat Electronics, HCL Technologies, and Bajaj Consumer are recommended by another expert.
3 stock recommendations from Rajesh Palviya in this market
All private banks as well as PSU Banks have shown strength in Fridays session. So the profit taking which was there in the market is almost absorbed and we believe that we can see a new all-time high for Bank Nifty in the coming week.
DLF's net debt down 73 pc in FY23 to Rs 721 cr; net debt of DLF-GIC JV reduces to Rs 18,772 cr
India's leading real estate firm, DLF, has reduced its net debt by 73% to INR 721 crore ($96.4 million) in the fiscal year 2022-23. The joint venture firm DLF Cyber City Developers saw its net debt fall 1% to INR 18,772 crore. DLF has successfully cut its debt burden thanks to better sales amid strong housing demand, with the parent firm primarily focused on housing.
4 sectors Anand Tandon is bullish on for near term
What we have seen so far is that the top end of the market has not had any major impact. It is the bottom end, which has, reported problems. And we have seen that across the board in, for example, FMCG etc, the numbers have not been really exciting in the year gone by.
Big Movers on D-St: What should investors do with Zensar Technologies, Max Healthcare and DLF?
Indian markets closed on a positive note with S&P BSE Sensex up by 300 points on Monday, while the Nifty50 closed below 18400 levels. The realty, FMCG, telecom, and public sectors were buying while power, utilities, and oil & gas witnessed some selling. Zensar Technologies is said to face a short-term decline, Max Healthcare is suggested to be bought on dips and DLF's stock has bullish long-term and medium-term technical indicators, with recommended fresh long positions to be initiated at the present level and on dips.
ÐLF shares rise over 5%, hits fresh 52-week high after Q4 results. Should you buy it?
DLF shares inched up 5.4% to touch a fresh 52-week high of INR459.6 ($6.30) on 17 May 2021, after the developer reported a 41% YoY rise in net profit to INR570 crore ($77.9m) for Q1 2021. The boost was driven by the jump in DLFs EBITDA by 8% to INR397 crore ($54.3m) YoY. The company's margins stood at 27.4% during the same reporting period. While DLF's revenue from operations slipped 6% to INR1,456 crore ($199m), the company's scrip rallied roughly 40% in the past year.
Beaten-down realty, pharma top mutual fund buys in April
In the pharmaceutical sector, fewer incidents of regulatory breaches and attractive valuations drove fund managers to add stocks such as Alkem Laboratories, Ajanta Pharma, and Dr Reddys Laboratories.
DLF to launch projects worth nearly Rs 20K cr this fiscal; targets sale bookings of Rs 12K cr
DLF Ltd, India's largest realty company, plans to launch projects worth Rs 19,710 crore for sale by March 2023, with an estimated sales revenue potential of over Rs 12,000 crore. Last fiscal, the company clocked a sale booking of Rs 15,058 crore. DLF CEO Ashok Tyagi stated that "in FY24 we should still be looking at sales guidance of Rs 11,000-12,000 crore." The majority of projects in the housing sector will be launched in Delhi-NCR and Chennai. The company has 215 million square feet of development potential in both residential and commercial segments.
DLF to launch projects worth nearly Rs 20,000 crore this fiscal; targets sale bookings of Rs 12,000 crore
DLF is set to launch projects worth INR 19,710 crore for sale by March 2023 and aims for sale bookings of around INR 12,000 crore in the current financial year on strong demand for housing. DLF reported that its sale bookings last fiscal jumped over two-fold to a record INR 15,058 crore from the previous year, with sales guidance of INR 11,000-12,000 crore expected for FY24.
DLF reports new sales booking of 15,058 crore during FY 23
The company's new sales bookings of Rs. 8,458 crore recorded a YoY growth of 210%, with cumulative new sales for the fiscal at a record of Rs. 15,058 crore. DLF's office portfolio remained steady, and its retail business exhibited strong demand momentum, with footfall levels reaching pre-pandemic levels.