IBREALEST : CMP 64.75
We recommend this stock on following parameters 👇
👉 Affordability of Real estate is at high as the interest rates are at multi year low(interest rates at 6.85%) and also flat property prices.
👉 Company in its recent investors presentation has submitted that they see high demand for completed projects. Company have net surplus of 3102 crores which provides great liquidity going further.
👉 Company has entered into merger agreement with embassy group & has been filed with SEBI for approval.💚
👉Post merger, they are market leader in launched projects surpassing DLF , who is market leader at present💚
👉 They are also no #1 Post merger in land bank by acres surpassing market leaders which is positive sign💚
👉 With combined entity - annual estimated future rentals potential from planned commercial assets in excess of ₹4200 cr 💚💚💚
👉 Geographical diversification after merger which will reduce dependence on single location which was the case before merger 💚💚💚
👉 Diversified portfolio mix concentration(both commercial & residential) which can hedge against cyclical up & downs
👉 Stock is trading at 64 which is below book vale(intrinsic) of 73 per share makes the stock attractive💚💚
👉 Real estate sector has underperformed for the past 3-4 yrs and already bottomed out. We expect revival in the sector in the coming years.
👉 RARE ENTERPRISES(RAKESH JHUNJHUNWALA) had purchased 50 lakh shares @57 - BULK Deal on 12 Nov 2020
On Technical front, stock is into verge of weekly breakout above 67 levels.
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Disclaimer: Any view mentioned is of personal view of the author and for educational purpose.