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This Article is From Sep 24, 2024

Arvind Smartspaces Gets 'Buy' From Axis Securities, Sees 43% Upside; Here's Why

Arvind Smartspaces Gets 'Buy' From Axis Securities, Sees 43% Upside; Here's Why
Residential property developed by Arvind Smartspaces Ltd. In Bengaluru. (Source: Company website)

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.

Axis Securities Report

We initiate coverage on Arvind Smartspaces Ltd. with a Buy recommendation. Our recommendation is supported by-

  1. new launch visibility;

  2. Asset–light business and quick turnaround time,

  3. geographical play and product innovation, and

  4. low leverage plus strong cashflows combined with strategic partnership.

Valuing the company at eight times FY26 enterprise value/Ebitda we arrive at a target price of Rs 1,085/share, implying an upside of 43% from the current market price.

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.

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