Motilal Oswal Recommends 2 Real Estate Stocks Showing Potential To Rally, Buy

Motilal Oswal has picked two stocks from Real Estate Sector showing potential to rally. These stocks are from the mid cap and large cap space. They are Phoenix Mills and Oberoi Realty. If you buy both the stocks now, you can get potential return of 28%. Check details below:

Buy Phoenix Mills: Current market price of Phoenix Mills Ltd is Rs 1324.60 apiece with intraday gain 2.39%. Motilal Oswal has recommended investors to buy Phoenix Mills Ltd with target price of Rs 1700 apiece. If you buy Phoenix Mills shares now, you can get potential return of 28%. The stock's 52-week high is Rs 1620.00 apiece and 52-week low is Rs 954.75 apiece, respectively. The company's market capitalisation is Rs 23,627.68 crore.

The mid cap real estate stock gave 28% return in last 1-year, 77% return in last 2-years, and 104% return in last 3-years.

According to Motilal Oswal, "Based on SoTP, we value PHNX at INR292b, net off INR13b of debt, or per share price of INR1,700, indicating an upside potential of 31%. We reinitiate coverage with a BUY rating on stock."

Buy Oberoi Realty: Current market price of the large cap Real Estate sector stock is Rs 861.05 apiece with intraday fall of 0.08%. Motilal Oswal assigned buy call with a target price of Rs 1100 apiece. If you buy Oberoi Realty share now, you can get potential return of 28%. The stock's 52-week high is Rs 1088.40 apiece and 52-week low is Rs 726.25 apiece, respectively. The company's market capitalisation is Rs 31,307.97 crore.

According to Motilal Oswal, "We believe strong cash generation will provide a lot of comfort to the company to seek for aggressive business development opportunities, which will provide further growth visibility. We retain our BUY rating on OBER with an SOTPbased TP of INR1,100, implying 28% upside potential."

Disclaimer: The stocks have been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.