Axis securities initiated coverage with target price of 1085. More than the the target price, the stock has now entered the main stream distribution, in few months, some more brokers will start coverage, now they will sell to their clients both individual and institutional.
The liquidity and participant of the stock will increase. After few quarters it might get included in broader nifty500/ 750 kind of index.
Most of the big realestate companies are are 4-8x mcap of their sales, Arvind is at 3x with better debt profile and lot of dry powder.
Above is a very rosy picture, but sometimes looking at upside is also important.
PS: Invested, biased with more than 15% in portfolio.
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