Net Sales are expected to increase by 293.6 percent Y-o-Y (up 37.3 percent Q-o-Q) to Rs. 96 crore, according to Sharekhan.

The project will offer Mahindra Lifespaces a revenue potential of around Rs 500 crore.

Healthy double-digit sequential growth is expected in both revenue and earnings for the sector while softening input costs drive margin expansion.

Mahindra Lifespace Developers, incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 5811.28 Crore) operating in Real Estate sector.

Sharekhan is bullish on Mahindra Lifespace Developers has recommended buy rating on the stock with a target price of Rs 600 in its research report dated November 28, 2022.

ICICI Direct is bullish on Mahindra Lifespace Developers recommended buy rating on the stock with a target price of Rs 475 in its research report dated November 06, 2022.

Sharekhan is bullish on Mahindra Lifespace Developers has recommended buy rating on the stock with a target price of Rs 600 in its research report dated November 04, 2022.

Motilal Oswal is bullish on Mahindra Lifespace recommended buy rating on the stock with a target price of Rs 550 in its research report dated November 04, 2022.

In what is seasonally a weak quarter for residential real estate, Mahindra Lifespaces garnered Rs 399 crore of pre-sales taking us to over Rs 1,000 crore of residential sales for the first half of the fiscal…Industrial leasing too, maintained strong momentum, clocking Rs 68 crore.

Real estate development company Ashiana Housing has purchased 2.26 acres of land from Mahindra Lifespaces in Chennai to develop a senior living project.

“If we get some positive surprise in terms of margins or commentary, then a significant correction of about 30% to 40% across many IT names could provide a good short-term opportunity also. We should look out for good commentary from the numbers. Infosys and Persistent Systems are the two names where we have a positive bias in terms of quarterly numbers.”

The brokerage highlighted that the companys management is aiming to grow its pre-sales by 2.5x to Rs 25 billion in the next three years (FY25E) by scaling up launches and project additions. “The company has already added 9msf of projects over the last three years in its core markets and is further evaluating projects worth Rs 50 billion,” said the brokerage report.

Motilal Oswal is bullish on Mahindra Lifespace Developers recommended buy rating on the stock with a target price of Rs 550 in its research report dated October 10, 2022.

Mahindra Lifespace Developers Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 7317.94 Crore) operating in Real Estate sector.

Sharekhan is bullish on Mahindra Lifespace Developers has recommended buy rating on the stock with a target price of Rs 640 in its research report dated September 08, 2022.

The company clocked Rs 600 crore of residential sales during the April-June quarter of the 2022-23 fiscal year against Rs 1,000 crore in the full previous year, he highlighted.

"I think our view is, we have been saying for a while, all the leading developers will end up being national developers. So I think these top four five developers will be competing with each other across the country," Pirojsha Godrej said in an interview to PTI.

The stock is trading above 9, 20, 100 and 200-SMA averages. On the upside, Rs 550 is an immediate susceptible area; above this, we are expecting a long run-up towards Rs 600 levels. On the downside, Rs 420 is the critical level.

The Nifty Pharma index was trading 0.93 per cent down at 12815.7.

The Nifty Auto index was trading 0.08 per cent down at 13121.75.

In the Nifty50 index, 19 stocks were trading in the green, while 31 stocks were in the red.

Mahindra Lifespace Developers Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 7348.07 Crore) operating in Real Estate sector.

The Nifty Bank index was trading 0.21 per cent up at 39323.25.

The Nifty Auto index was trading 0.03 per cent down at 13245.65.

Sharekhan is bullish on Mahindra Lifespace Developers has recommended buy rating on the stock with a target price of Rs 485 in its research report dated July 28, 2022.

ICICI Direct is bullish on Mahindra Lifespace Developers has recommended buy rating on the stock with a target price of Rs 475 in its research report dated July 28, 2022.

Mahindra Lifespace Developers Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 6335.87 Crore) operating in Real Estate sector.

This was achieved on the back of strong response to our new launches in Bangalore and Gurgaon as well as robust sustenance sales across our portfolio. Our industrial leasing, at Rs 118 crore, continued its momentum,” said Arvind Subramanian, MD & CEO, Mahindra Lifespace Developers.

He was inducted to the board of Mahindra & Mahindra (M&M) in August 1992 and resigned as Executive Director in March 2010 to focus on the social sector and create a favourable ecosystem for senior citizens. He continued as a non-executive director of M&M from April 2010 till August 2014.

The company had posted a net loss of Rs 14.04 crore in the year-ago period, according to a regulatory filing.

Mahindra Lifespace Developers Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 6698.32 Crore) operating in Real Estate sector.

Mahindra Lifespace Developers Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 6591.71 Crore) operating in Real Estate sector.

In the last five years, the counter has zoomed 850 per cent, whereas it soared over 1,000 per cent from its Covid-19 lows of April 2020. Promoters and promoter group entities hold 74.97 per cent shares in the company, whereas public shareholders own the remaining 25.03 per cent stake in Adani Power.

The project was launched by investing Rs 275 crore. The company said it aims to invest Rs 3,000 crore in the next three years by investing in the residential real estate market of Pune, Mumbai, and Bengaluru.

The project was launched by investing Rs 275 crore. The company said it aims to invest Rs 3,000 crore in the next three years by investing in the residential real estate market of Pune, Mumbai, and Bengaluru.

Sharekhan is bullish on Mahindra Lifespace Developers has recommended buy rating on the stock with a target price of Rs 485 in its research report dated June 16, 2022.

“In the auto sector, Ashok Leyland, Automotive Axles and AIA Engineering are looking good while in the capital goods space, both SKF and Timken are looking good. Then there are companies like Thermax, Siemens which we also like.”

“The short-term trend of Nifty continues to be negative. Having reached crucial lower support of 15,700 levels and a formation of an unfilled weekly opening downside gap, there is a possibility of an upside bounce from the lows of around 15,500-15,400 levels in the next 1-2 sessions,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

Analysts said the sector is witnessing a pick-up in sales on account of weak prices in the past few years, lower interest rates and extended outperformance in the stock market. Property registration in Mumbai increased by nearly 73% year-on-year to 9,630 in May.

Developers like DLF, Godrej Properties, Prestige Estates, Macrotech and Sobha are taking initiatives to reduce energy and water consumption. Mahindra Lifespace Developers recently announced its commitment to constructing only net-zero buildings from 2030.

The Nifty Auto index closed 0.62 per cent down at 11491.4.

The Nifty Realty index closed 0.91 per cent up at 410.8.

In the Nifty 50 index, 28 stocks ended in the green, while 22 stocks closed in the red in today's trade.