UBS anticipates sustainable upcycle in real estate: Initiates buy on 1 largecap and 1 midcap stock
As the brokerage anticipates sustainable upcycle given a host of tailwinds, it has initiated buy calls on DLF and Prestige Estates.
After record gains in the Nifty Realty index in the previous session of over 3 per cent amid strengthening of the property prices in the September quarter on strong demand, global brokerage UBS has come up with its view on the realty sector as well as companies within the space.
Real estate stocks to buy: UBS bullish on real estate stocks
The global brokerage UBS remain bullish on the realty space and views sustainable upcycle driven by multiple tailwinds.
Real estate stocks to buy: UBS bullish on real estate stocks
In the residential space, the brokerage sees multiple tailwinds to support volume growth.
Real estate stocks to buy: UBS bullish on real estate stocks
The brokerage held that in the commercial space too Covid-related uncertainties have eased.
Real estate stocks to buy: DLF
UBS calls DLF as the best play in the luxury segment and initiates buy with a target of Rs 1,005- implying potential gains of nearly 19 per cent from the previous close.
Real estate stocks to buy: Prestige Estates
The brokerage is bullish on the counter and has initiated a 'buy' with a target of Rs 2,175, implying gains of over 26 per cent from the previous close.
Real estate stocks to buy: Oberoi Realty
The brokerage recommends a neutral call on the stock with a target of Rs 2,230- an increase of 26 per cent from the previous close.