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This multibagger stock has gained 210% in one year, will you buy?

Multibagger Stock: Realty stock Mahindra Lifespace has given multibagger returns so far this year as the shares have gained over 130% so far in 2021 (Year-to-date or YTD), whereas, the shares have risen 210 per cent in a year. % has gone up. Brokerage house ICICI Securities believes that Mahindra Lifespace’s share price will see further upside.

Mahindra Lifespace shares have grown at a CAGR of around 16% (Compound Annual Growth Rate) over the last five years (from around ₹133 in October 2016 to ₹278 in October 2021 levels). The brokerage has maintained its ‘Buy’ rating on the stock with a target price of ₹335 per share.

ICICI said, “The company has drawn up five-year plans in which it aims to achieve a sales value of 2500 crores by FY25. For the same, it is targeting four land transactions with a sales potential of around ₹2,000 crore every year, it reported healthy Q2FY22 results, driven by profitability in the industrial cluster segment.”

Mahindra Lifespace Developers (MLD) is the real estate and infrastructure development business of the Mahindra Group. It has 27.4 msf of completed, ongoing and upcoming residential projects in seven cities and over 5,000 acres of ongoing and upcoming projects under development in its integrated development/industrial clusters at four locations.

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)

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