External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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Equity Bottom-Up

<ul><li>Business Development: The company has clocked pre-sales of Rs 1,271 Cr, missing its guidance of 30% growth.</li><li>This shortfall was primarily due to the company's inability to launch all the projects planned for the year, including the Bannerghatta and Surat projects. However, it continues to believe that these launch spill-overs will occur in FY26.</li><li>For FY26, Arvind has guided for ~Rs 4,000 Cr of launches, comprising Rs 2,000 Cr from Bangalore, Rs 1,000 Cr from Gujarat, and the rest ~Rs 1,000 Cr from the MMR regions.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Business Development: The company has clocked pre-sales of Rs 1,271 Cr, missing its guidance of 30% growth.This shortfall was primarily due to the company's inability to launch all the projects planned for the year, including the Bannerghatta and Surat projects. However, it continues to believe that these launch spill-overs will occur in FY26.For FY26, Arvind has guided for ~Rs 4,000 Cr of launches, comprising Rs 2,000 Cr from Bangalore, Rs 1,000 Cr from Gujarat, and the rest ~Rs 1,000 Cr from the MMR regions.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Arvind SmartSpaces Ltd - Miss on Bookings, Launches to Drive Growth; Maintain BUY

<ul><li>New Launches and Business Development: The management has guided a pre-sales CAGR of 30%-35%, maintaining confidence in achieving this target.</li><li>In Q2FY25, the company launched ‘Arvind Aqua City,’ with total bookings at Rs 500 Cr for the quarter, bringing cumulative bookings to approximately Rs 600 Cr, including Rs 93 Cr from Q1FY25.</li><li>Projects valued at Rs 4,000-5,000 Cr are expected to be added during the fiscal year, with the majority of launches concentrated in H2FY25 following Aqua City (~Rs 1,000 Cr). </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

New Launches and Business Development: The management has guided a pre-sales CAGR of 30%-35%, maintaining confidence in achieving this target.In Q2FY25, the company launched ‘Arvind Aqua City,’ with total bookings at Rs 500 Cr for the quarter, bringing cumulative bookings to approximately Rs 600 Cr, including Rs 93 Cr from Q1FY25.Projects valued at Rs 4,000-5,000 Cr are expected to be added during the fiscal year, with the majority of launches concentrated in H2FY25 following Aqua City (~Rs 1,000 Cr). Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Arvind Smartspaces Ltd - Management Guidance Maintained; Maintain BUY

<ul><li>We are initiating coverage on Arvind Smartspaces Ltd. (ARVSMART) with a BUY recommendation and a target price of Rs 1,085/share, which implies an upside of 43% from the CMP.</li><li>Arvind Smartspaces began operations in 1897 when Lalbhai Dalpatbhai established the company's first textile mill.</li><li>Over the years, the business portfolio expanded to include textiles, dyes, chemicals, real estate, and engineering ventures, which were later demerged in 2016. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We are initiating coverage on Arvind Smartspaces Ltd. (ARVSMART) with a BUY recommendation and a target price of Rs 1,085/share, which implies an upside of 43% from the CMP.Arvind Smartspaces began operations in 1897 when Lalbhai Dalpatbhai established the company's first textile mill.Over the years, the business portfolio expanded to include textiles, dyes, chemicals, real estate, and engineering ventures, which were later demerged in 2016. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Arvind Smartspaces (ARVSMART) - BUILDING A ‘SMART SPACE’

Thematic (Sector/Industry)

<ul><li>Pre-Sales Show Slight Growth: In Q4FY25, our coverage universe reported pre-sales of Rs 36,092 Cr, which remained flattish YoY.</li><li>This performance was primarily impacted by delayed launches and the ongoing election cycle, which subdued the usual surge in bookings.</li><li>While some companies outperformed their annual guidance, such as SignatureGlobal and Man Infraconstruction, others, including Oberoi, Prestige, and Arvind SmartSpaces, fell short of their booking expectations. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pre-Sales Show Slight Growth: In Q4FY25, our coverage universe reported pre-sales of Rs 36,092 Cr, which remained flattish YoY.This performance was primarily impacted by delayed launches and the ongoing election cycle, which subdued the usual surge in bookings.While some companies outperformed their annual guidance, such as SignatureGlobal and Man Infraconstruction, others, including Oberoi, Prestige, and Arvind SmartSpaces, fell short of their booking expectations. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Top Conviction Ideas - “Real Estate” - Stable Presales; Launch Spillovers Set Stage for FY26E Growth

<ul><li>Samvat 2080 has proven to be a remarkable period for the Indian equity market, marked by the continuous achievement of new milestones each quarter.</li><li>Notably, our benchmark index, the Nifty 50, reached the historic milestone of 26,216 on September 26, 2024, for the first time ever.</li><li>This achievement has propelled the Indian market capitalization to surpass the $5 Trillion mark, positioning it as the fourth largest market globally. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Samvat 2080 has proven to be a remarkable period for the Indian equity market, marked by the continuous achievement of new milestones each quarter.Notably, our benchmark index, the Nifty 50, reached the historic milestone of 26,216 on September 26, 2024, for the first time ever.This achievement has propelled the Indian market capitalization to surpass the $5 Trillion mark, positioning it as the fourth largest market globally. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

India

Arvind SmartSpaces Limited operates as a real estate company. The Company focuses on the residential and commercial property and land development. Arvind SmartSpaces conducts business in India.

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Arvind SmartSpaces (ARVSMART IN)

Arvind SmartSpaces Ltd - Miss on Bookings, Launches to Drive Growth; Maintain BUY

This shortfall was primarily due to the company's inability to launch all the projects planned for the year, including the Bannerghatta and Surat...

Axis Direct

Arvind Smartspaces Ltd - Management Guidance Maintained; Maintain BUY

New Launches and Business Development: The management has guided a pre-sales CAGR of 30%-35%, maintaining confidence in achieving this target.

Axis Direct

Arvind Smartspaces (ARVSMART) - BUILDING A ‘SMART SPACE’

We are initiating coverage on Arvind Smartspaces Ltd. (ARVSMART) with a BUY recommendation and a target price of Rs 1,085/share, which implies an...

Axis Direct

Top Conviction Ideas - “Real Estate” - Stable Presales; Launch Spillovers Set Stage for FY26E Growth

Pre-Sales Show Slight Growth: In Q4FY25, our coverage universe reported pre-sales of Rs 36,092 Cr, which remained flattish YoY.

Axis Direct

Diamonds In The Dust - Samvat 2081

Samvat 2080 has proven to be a remarkable period for the Indian equity market, marked by the continuous achievement of new milestones each quarter.

Axis Direct

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