Mahindra Lifespace Developers Ltd up by 19.52 percent | Espresso

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Espresso Shot of the Day - Mahindra Lifespace Developers Ltd up by 19.52 percent

February 10, 2022
Espresso Shot of the Day - Mahindra Lifespace Developers Ltd up by 19.52 percent

MAHINDRA LIFESPACE DEVELOPERS LTD 319.30  (+19.52%) BSE – INE813A01018 | Feb 10, 2022


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 Drivers

  • On Feb 10, 2022, Mahindra Lifespaces announced that it will purchase approximately 9.24 acres of land in Kandivali, Mumbai from Mahindra & Mahindra (M&M) for real estate development.
  • On Feb 8, 2022, Mahindra Lifespaces reported a net sales of Rs.24.34 crores in December 2021.
  • On Feb 8, 2022, Mahindra Lifespaces reported a Quarterly Net Profit of Rs.24.86 crores in December 2021, up 322.16% from Rs.11.19 crores in December 2020.
  • On Dec 31, 2021, The Company’s arm cum JV, Mahindra World City (Jaipur) executed two lease deeds, one each on 29 December 2021 and 30 December 2021, for leasing 40.81 acres of land in the Domestic Tariff Area-II.
  • On Dec 24, 2021, Mahindra Lifespace Developers announced that Mahindra Homes (MHPL), a joint venture of the company and Actis Mahi Holding (Singapore) (Actis), approved the buyback of 37,800 Series B and Series C equity shares at Rs.29, 129 per equity share aggregating to Rs.110.10 crore.
  • On Oct 27, 2021, Mahindra Lifespace Developers, the real estate arm of Mahindra Group, has finalised terms f a joint development on a 4.8-acre land parcel in Mumbai’s suburb Dahisar East.
(Sources: Business standard, Moneycontrol, Economic Times)


Technical Force*

  • S&P BSE 500 month till date gain up by 1.24%
  • Traded on 52 Week high value 320.55
  • 3 months avg. NSE volume: 194,612
  • Quantity traded: 146,278 | Deliverable Quantity: 47,188 (32.26%)
  • Stock price has jumped more than 110% from a one-year-low level: 151.95 (Apr 19, 2021)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 320.55 | 52-week-low: 151.95


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

319.30

SMA

BSE

10 DAY

265.48

20 DAY

262.33

50 DAY

252.22

200 DAY

239.30


Some Key Ratios (Source: BSE)

Market Cap: 4,933.43 Crores

PE: -68.65

OPM%: -721.70

ROE%: -5.04

Promoters holding%: 51.34

Prev. Close: 267.15


*Chart and Technical Force data from the Binge desktop app
The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan Comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comrade Private Limited is under no obligation to update the information in this document from time-to-time.

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.