Mahindra Lifespace Developers Ltd up by 6.39% - Traders Corners| Espresso

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Espresso Shot of the Day - Mahindra Lifespace Developers Ltd up by 6.39 percent

August 17, 2022
Espresso Shot of the Day - Mahindra Lifespace Developers Ltd up by 6.39 percent

MAHINDRA LIFESPACE DEVELOPERS LTD  472.65 (+6.39%)  BSE –INE813A01018 | 17th August 2022

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Mahindra Lifespaces is one of the leading real estate development companies in India. They have projects spread across the country. They are known for constructing thoughtfully designed living spaces. They espouse responsible, green design and development, and are driven by their mission of Sustainable Urbanisation. Established in 1994, Mahindra Lifespace Developers Ltd. is the real estate and infrastructure development business of the Mahindra Group and is a pioneer of sustainable urbanisation in India. The company is committed to transforming India’s urban landscape through its residential developments under the ‘Mahindra Lifespaces’, ‘Mahindra Happinest’ brands and its integrated cities and industrial clusters under the ‘Mahindra World City’ and ‘Origins by Mahindra World City’ brands.


Recent Driver

  • On July 27,2022, the Company reported a Quarterly Net Profit of Rs. 75.41 crores in June 2022, up 643.69% from Rs. 13.87 crores in June 2021.
  • On July 27,2022, the Company reported Net Sales of Rs 94.55 crores in June 2022.
  • Mahindra Lifespace Developers announced Arun Nanda’s retirement from its board of directors and as Chairman on July 27,2022. He will be succeeded by Ameet Hariani, who has been an Independent Director on the board since 2017.
  • Mahindra Lifespace said on July 3,2022 that  it will launch its Kandivali project in less than 12 months, which will be its second project in that suburb after the “Mahindra Roots” project. Located next to the Western Expressway Highway, this new project will target mid-segment buyers.
  • On June 6,2022, Mahindra Lifespace Developers (MLDL), launched the real estate and infrastructure development arm of the Mahindra Group, ‘Nestalgia’ residential project in Pimpri. CEO of the Company said, “As we continue to strengthen our presence in Pune, one of our key focus markets, we are excited to introduce the city’s first Biophilia-inspired residential project.
  • The company declared on April 27,2022 the final dividend of Rs 2.00 per share on the equity shares of Rs.10 each for the financial year ended on March 31, 2022


(Sources: BSE, Moneycontrol,Business Standard,Economics Times)


Technical Force*

  • S&P Bse 500 month till date gain by 4.97%.
  • 3 months avg. NSE volume: 287,002
  • Quantity traded: 60,181 | Deliverable Quantity: 25,818 (42.90%)
  • The stock price jumped by more than 110 % from a one-year low level: 218.65 (December 27 ,2021)
  • Daily RSI (14) is at oversold territory today.
  • 52-week-high: 479.00| 52-week-low: 218.65


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

500.50

399.90

321.30

220.70

142.10

41.50

-

-

Fibonacci Pivot

399.90

331.45

289.15

261.92

220.70

179.48

152.25

109.95

41.50


Today’s Close

472.65

SMA

BSE

10 DAY

432.64

20 DAY

426.91

50 DAY

416.44

200 DAY

331.37


Some Key Ratios (Source: BSE)

Market Cap: 7,304.60crores

PE: 54.13

OPM%: 814.74

ROE%:  9.05

Promoters holding%: 51.33

Prev. Close:  444.25


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Chart and Technical Force data from the Binge desktop app

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.