NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
HDFC Securities Report
Domestic brokerage HDFC Securities has cut target price of real estate developers to factor in slowing velocity, elongation of deal closure timeline and further compression in net asset value premium by 15-20% across developers.
The brokerage now values the sector at NAV with zero NAV premium.
The brokerage also noted that with correction in stock prices, the worst seems to be priced in as current slowdown is more sentiment driven rather demand destruction, accordingly estimates three-six months of slowdown with new sales pickup from festive season early Q3 FY27, anyways H1 is seasonally weaker.
The brokerage prefers mixed use developers with high rental portfolio and stable presales. Nirmal Bang has upgraded Godrej Properties to Buy given the correction.
Top picks: Prestige Estates, Godrej Properties, Oberoi Realty and Sobha
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
