Prestige Estates: Readying for a Comeback. Maintain BUY
PEPL had a tough time navigating approval challenge, which resulted in weak 9MFY25 presale of INR 100bn vs INR 230bn of FY25 guidance
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Axis Top Picks for the month of December 2025
Strong 1500+ points Rally in Nifty 50 since Oct’25: After seeing some pullback in Jul/Aug’25, a broad-based recovery was seen since Oct’25.
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Thematic Report on Indian Realty: Why H1's Record Sales Mask a Deeper Cash Flow & Execution Test
Indian real estate developers see H1FY26 with pre-sales up 47% to INR 73,100 crore. Structural consolidation, not just cyclical rally, as players...
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Real Estate (Q2FY26 Results Preview): Sustenance to drive presales momentum
Following the strong price surge and record sales of FY24/25, the Indian real estate market is entering a phase of mature, steady growth in FY26
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Rubicon Research IPO - RHP Updates, Peer Comp and Thoughts on Valuation
Rubicon Research Limited (RR) is looking to raise about US$155m in its India IPO. In this note, we talk about the RHP updates, peer comp and...
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