Motilal Oswal suggests buy for Kolte Patil Developers Ltd with a Rs 700 target price, expecting a 34% upside. Analyst Pritesh Sheth emphasizes sustainability of growth and fair value estimation for potential further upside.
Automobiles, infrastructure, capital goods, industrials, and realty were the best performing sectors in 2023, driven by the strong domestic demand, capex push by the government, and growing discretionary consumption.
The Mumbai-based real estate developer Oberoi Realty has been one of the top-performing companies in its segment and most brokerage remains bullish on the stock.
The company s stock price is 52 per cent in the last 12 months beating the broader market by a huge margin.
The benchmark BSE Sensex is up just 6.5 per cent during the period.