SumanSpeaks: The Information Super Highway

  Real Estate Sector in India Given their comfortable leverage, consistent rise in location-agnostic demand, and declining inventory levels, most brokerages expect listed real estate majors to get good buying support. According to the real estate data and analytics platform PropEquity, the sector grossed sales of 149 million square feet (msf) in the top seven cities in the October-December quarter (third quarter, or Q3) of FY23 – the High quarterly sales in a decade. Sales grew 34% year on year (YoY) to 412 msf in the nine months ending December. Strong sales, driven by high demand and increased affordability, aided in reducing inventory levels. Unsold inventory levels fell to 839 msf in December 2022, down from 923 msf in December 2021. Besides, many analysts believe that interest rate cycle has probably peaked out.  In such circumstances, the prudent investors should buy the stocks of beaten down good real estate companies.  P.N: I don't upload the blog too often becaus...

Indiabulls Real Estate Ltd:  Buy before the merger announcement  CMP: Rs.52.50 Market Cap: Rs .2843 Cr Book Value: Rs.80.47 Target: Rs.110  Time Frame: Next Deepawali. Introduction :  Indiabulls Real Estate Ltd is one of India's leading real estate enterprises, with a diverse presence in residential projects ranging from affordable to mid-income to premium to super-luxury segments. Geographically, its area of operation is basically concentrated around  Mumbai Metropolitan Region (MMR) and the National Capital Region (NCR) of India.  The Company is one of the leading real estate companies in India, with 17 ongoing projects totaling 44.59 million square feet. It also has commercial development with a leasable area of 25.5 million sq.ft. under construction. It possesses 1424 acres of SEZ land at Nasik Maharashtra.  The Company has delivered over 25 million square feet of commercial and residential projects through its SPVs/subsidiaries, including the reno...

  I continue to remain Bullish in Textile Yarn companies Last week, cotton prices had recorded a sharp decline in India and the world. However, North India’s cotton prices improved yesterday after a crash in ICE cotton on Friday.  The domestic cotton prices recovered around 1-2% due to improved buying at lower prices Moreover, Turkey is known as the hub of spinning mills and it got affected by the earthquake.  Therefore Indian Mills are receiving more trade enquiries from Turkey as well as European nations.  Therefore, the fall in cotton prices from their peak and the China+1 policy will benefit Indian spinning companies. Please continue to hold Nahar Spinning Mills Ltd (Rs.273.35) and Nitin Spinners Ltd (Rs.225.10).