External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

India Real estate / Thematic (Sector/Industry)

<ul><li>Whatever is being launched is being sold, presales momentum remains strong: Real estate developers are reporting record presales in the seasonally weakest quarter Q2, Sobha (INR 17bn, growth of 48/18% YoY/QoQ), Prestige (INR 71bn, growth of 102/82% YoY/QoQ), Macrotech (INR 35bn, growth of 12/5% YoY/QoQ) and PHNX (consumption of INR 26.4bn, growth of 9/0% YoY/QoQ on a like-to-like basis)</li><li>We expect this momentum to continue in 3QFY24 with new launches adding a multiplier effect to the presales</li><li>Within micro-markets, we expect the consolidation story to continue in the top six cities with strong volume-driven growth in Bengaluru, MMR and Pune, while NCR growth will be driven largely by higher price appreciation in the luxury segment</li></ul><p><em>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.</em></p>

Whatever is being launched is being sold, presales momentum remains strong: Real estate developers are reporting record presales in the seasonally weakest quarter Q2, Sobha (INR 17bn, growth of 48/18% YoY/QoQ), Prestige (INR 71bn, growth of 102/82% YoY/QoQ), Macrotech (INR 35bn, growth of 12/5% YoY/QoQ) and PHNX (consumption of INR 26.4bn, growth of 9/0% YoY/QoQ on a like-to-like basis)We expect this momentum to continue in 3QFY24 with new launches adding a multiplier effect to the presalesWithin micro-markets, we expect the consolidation story to continue in the top six cities with strong volume-driven growth in Bengaluru, MMR and Pune, while NCR growth will be driven largely by higher price appreciation in the luxury segmentContent 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.

Real Estate (Q2FY24 Results Preview): Festive cheer awaited