External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

External broker reports(aggregated public sources)

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Mahindra Lifespace Developers Ltd / Equity Bottom-Up

<ul><li>ICICI Securities research report onMahindra Lifespace Developers After Mahindra Lifespace Developers’ (MLIFE) current MD and CEO, Mr. Amit Kumar Sinha, took over from May’23, the company had unveiled a strategy of reaching INR 80-100bn of annual residential plus industrial cluster sales by CY28 or 5x in 5 years (CY23-28), while near-term focus remained on achieving its guidance of INR 30bn of residential + industrial cluster (IC) sales by FY25.</li><li>The company has taken its first step towards reaching its long-term targets by clocking INR 23.3bn of sales bookings in FY24 driven by Kandivali, Mumbai launch in Q4FY24, which clocked sales bookings of over INR 8bn.</li><li>driven by Kandivali, Mumbai launch in Q4FY24, which clocked sales bookings of over INR 8bn. We expect the company’s residential bookings to scale up further to INR 28.4bn in FY25E and INR 35.5bn in FY26E.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ICICI Securities research report onMahindra Lifespace Developers After Mahindra Lifespace Developers’ (MLIFE) current MD and CEO, Mr. Amit Kumar Sinha, took over from May’23, the company had unveiled a strategy of reaching INR 80-100bn of annual residential plus industrial cluster sales by CY28 or 5x in 5 years (CY23-28), while near-term focus remained on achieving its guidance of INR 30bn of residential + industrial cluster (IC) sales by FY25.The company has taken its first step towards reaching its long-term targets by clocking INR 23.3bn of sales bookings in FY24 driven by Kandivali, Mumbai launch in Q4FY24, which clocked sales bookings of over INR 8bn.driven by Kandivali, Mumbai launch in Q4FY24, which clocked sales bookings of over INR 8bn. We expect the company’s residential bookings to scale up further to INR 28.4bn in FY25E and INR 35.5bn in FY26E.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mahindra Lifespace Developers - Growth Story on Track

External broker reports(aggregated public sources), Sharekhan

Sharekhan

Sharekhan is India's leading broking house providing services from easy online trading, research to wide array of financial products. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Sharekhan's research report onMahindra Lifespace Developers Mahindra Lifespace Developers Limited (MLDL) is expected to achieve its lifetime quarterly high pre-sales booking of over Rs.</li><li>1,000 crore in Q4FY2024 led by stellar response garnered in Kandivali project, contribution from Chennai project launch and sustenance sales from existing projects. MLDL added a Rs.</li><li>1700 crore GDV project recently taking total business development to Rs</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Sharekhan's research report onMahindra Lifespace Developers Mahindra Lifespace Developers Limited (MLDL) is expected to achieve its lifetime quarterly high pre-sales booking of over Rs.1,000 crore in Q4FY2024 led by stellar response garnered in Kandivali project, contribution from Chennai project launch and sustenance sales from existing projects. MLDL added a Rs.1700 crore GDV project recently taking total business development to RsContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mahindra Lifespace Developers Ltd - Stellar Q4 in Offing; Re-Iterate a Buy

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

<ul><li>Presales momentum remains strong despite seasonally weak quarter: Few developers came out with their operational updates where they have delivered strong performances in Q2FY25, despite the challenging market sentiment and seasonally weak quarter</li><li>LODHA reported a 22% YoY increase in presales, while GPL saw a 3% YoY rise, marking their best-ever quarterly performances for Q2</li><li>These results are particularly impressive, as both companies achieved growth not only on a high base from the previous year but also during the traditionally slow shraadhh period, which occurred in September this year as opposed to October in FY24.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Presales momentum remains strong despite seasonally weak quarter: Few developers came out with their operational updates where they have delivered strong performances in Q2FY25, despite the challenging market sentiment and seasonally weak quarterLODHA reported a 22% YoY increase in presales, while GPL saw a 3% YoY rise, marking their best-ever quarterly performances for Q2These results are particularly impressive, as both companies achieved growth not only on a high base from the previous year but also during the traditionally slow shraadhh period, which occurred in September this year as opposed to October in FY24.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Real Estate (Q2FY25 Results Preview): Bracing for a Launch-Heavy Year Ahead

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

<ul>
<li>ONGC plans to increase gas production from 1,527 to 1,675 MMSCM by drilling new wells</li>
<li>Vedanta aims to reduce debt by $3 billion through cash flow, asset sales, and strategic measures</li>
<li>Tata Power will acquire Paradeep Transmission Ltd to build and operate a 765 kV transmission line</li>
</ul>


ONGC plans to increase gas production from 1,527 to 1,675 MMSCM by drilling new wells
Vedanta aims to reduce debt by $3 billion through cash flow, asset sales, and strategic measures
Tata Power will acquire Paradeep Transmission Ltd to build and operate a 765 kV transmission line


# 40 India Insight: ONGC Gas Production, Vedanta Debt Reduction, Tata Power Acquisition

<ul><li>LIC Housing Finance: LICHF’s earnings were ahead of our estimates due to sustained healthy NIMs, partially offset by muted loan growth (+5% YoY) and high credit costs (60bps)</li><li>LICHF’s NIMs continued to surprise positively at 3% (-4bps QoQ) due to muted balance sheet growth, however, the lower incremental spreads amidst elevated competitive intensity, moderation in demand and rising cost of funds are likely to normalise margins near steady state during FY25</li><li>Loan growth remains tepid (+5% YoY) across segments due to organisational and tech changes as per management and remains a key concern</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

LIC Housing Finance: LICHF’s earnings were ahead of our estimates due to sustained healthy NIMs, partially offset by muted loan growth (+5% YoY) and high credit costs (60bps)LICHF’s NIMs continued to surprise positively at 3% (-4bps QoQ) due to muted balance sheet growth, however, the lower incremental spreads amidst elevated competitive intensity, moderation in demand and rising cost of funds are likely to normalise margins near steady state during FY25Loan growth remains tepid (+5% YoY) across segments due to organisational and tech changes as per management and remains a key concernContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

HSIE Results Daily: LIC Housing Finance, BSE, Century Plyboards India

India

Mahindra Lifespace Developers Limited specializes in the construction and operation of commercial and residential property complexes, projects management services and business centers.

Mahindra Lifespace Developers Ltd (MLIFE IN)

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Mahindra Lifespace Developers Ltd (MLIFE IN)

Mahindra Lifespace Developers - Growth Story on Track

The company has taken its first step towards reaching its long-term targets by clocking INR 23.3bn of sales bookings in FY24 driven by Kandivali,...

ICICI Securities Limited

Mahindra Lifespace Developers Ltd - Stellar Q4 in Offing; Re-Iterate a Buy

Sharekhan's research report onMahindra Lifespace Developers Mahindra Lifespace Developers Limited (MLDL) is expected to achieve its lifetime...

Sharekhan

Real Estate (Q2FY25 Results Preview): Bracing for a Launch-Heavy Year Ahead

LODHA reported a 22% YoY increase in presales, while GPL saw a 3% YoY rise, marking their best-ever quarterly performances for Q2

HDFC Securities

# 40 India Insight: ONGC Gas Production, Vedanta Debt Reduction, Tata Power Acquisition

ONGC, Vedanta, and Tata Power are all making strategic moves to increase gas production, reduce debt, and expand their transmission capabilities.

Sudarshan Bhandari

HSIE Results Daily: LIC Housing Finance, BSE, Century Plyboards India

LIC Housing Finance: LICHF’s earnings were ahead of our estimates due to sustained healthy NIMs, partially offset by muted loan growth (+5% YoY)...

HDFC Securities

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Mahindra Lifespace Developers - Growth Story on Track

The company has taken its first step towards reaching its long-term targets by clocking INR 23.3bn of sales bookings in FY24 driven by Kandivali,...

ICICI Securities Limited

Mahindra Lifespace Developers Ltd - Stellar Q4 in Offing; Re-Iterate a Buy

Sharekhan's research report onMahindra Lifespace Developers Mahindra Lifespace Developers Limited (MLDL) is expected to achieve its lifetime...

Sharekhan

Real Estate (Q2FY25 Results Preview): Bracing for a Launch-Heavy Year Ahead

LODHA reported a 22% YoY increase in presales, while GPL saw a 3% YoY rise, marking their best-ever quarterly performances for Q2

HDFC Securities

# 40 India Insight: ONGC Gas Production, Vedanta Debt Reduction, Tata Power Acquisition

​ONGC, Vedanta, and Tata Power are all making strategic moves to increase gas production, reduce debt, and expand their transmission capabilities.

Sudarshan Bhandari

HSIE Results Daily: LIC Housing Finance, BSE, Century Plyboards India

LIC Housing Finance: LICHF’s earnings were ahead of our estimates due to sustained healthy NIMs, partially offset by muted loan growth (+5% YoY)...

HDFC Securities

ONGC, Vedanta, and Tata Power are all making strategic moves to increase gas production, reduce debt, and expand their transmission capabilities.