Friday, 21 November 2008

DLF a top pick: Motilal Oswal

According to Motilal Oswal's report, the research firm's top picks are DLF among the large caps, and Indiabulls Real Estate (IBREL), Mahindra Lifespace Developers and Bombay Dyeing and Manufacturing Company among midcaps.

Motilal Oswal's Report:

According to Motilal Oswal's report, we expect FY09 to be a year of consolidation, in which industry leaders would be differentiated from peers. We believe developers with staying power would utilize this consolidation phase to emerge stronger and position themselves in an advantageous manner to capitalize on the growth phase post consolidation. Focus on companies with: (1) high visibility on monetization of assets over the next 3-5 years; (2) low leverage and robust financials; and (3) strong execution track record. Our top picks: DLF among the large caps, and IBREL, Mahindra Lifespaces and Bombay Dyeing among midcaps.

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Source: Moneycontrol

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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.