Mahindra Lifespace Developers Ltd.

NSE: MAHLIFE | BSE: 532313 | ISIN: INE813A01018 | Industry: Realty
| Expensive Performer

348.15
1.71%
ICICI Securities Limited
MLD achieved robust sales volume growth of 80.6% YoY to 0.65 million square feet (msf) (662 units) and clocked sales worth | 407 crore (2.5x YoY growth) in Q4FY19 on account of strong performance at its Centralis project (0.34 msf), Pune, where it sold 88% of the project in March, 2019. Overall, the company clocked sales volume growth of 54.5% YoY to 1.7 msf in FY19. It launched projects on 0.5 msf area & received OC for Luminare project in Q4FY19. MLD executed an agreement to purchase 6.9 acre land parcel (~0.7 msf development potential) in Pune, targeting the mid-premium segment....
Mahindra Lifespace Developers Ltd. is trading below its 30 day SMA of 364.2
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