JM Financial Sees 2 Real Estate Stocks Soaring, Recommends Buy For 44% Return

JM Financial has picked 2 real estate sector stocks to invest for return up to 44%. The analyst has recommended investors to buy The Phoenix Mills Ltd and Macrotech Developers Ltd. Phoenix Mills is a mid-cap stock while Macrotech Developers is a small-cap stock. Check details below:

Buy Macrotech Developers: JM Financial has suggested investors to buy Macrotech Developers with a target price of Rs 1425 apiece. Last trading price of the Real Estate Sector stock is Rs 994.00 apiece on BSE with intraday fall of 3.60%.

If you buy Macrotech Developers share now at last trading price, you can potentially get 44% return. The stock's 52-week high is Rs 1248.00 apiece and 52-week low is Rs 711.00 apiece, respectively. The company has a market capitalisation of Rs 47,885.83 crore.

The stock gave 24% return in last 1-week and declined 4% in last 1-year.

Buy The Phoenix Mills Ltd: The analyst has assigned buy call to The Phoenix Mills Ltd with a target price of Rs 1645 apiece. Last trading price of the stock is Rs 1377.00 apiece on BSE. The stock's 52-week high is Rs 1620.00 apiece and 52-week low is Rs 884.30 apiece, respectively.

If you buy The Phoenix Mills share now, you can get likely return of 19%.

The company has a market capitalisation of Rs 24,591.08 crore. The mid cap company was incorporated in 1905 and the stock of the company rallied over 3% in last 1-week, fell 5% in last 3-months, and gave a return of 46% in last 1-year. It rallied 110% in last 5-years.

The stocks have been picked from the brokerage report of JM Financial. 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.