So, we are constructive on the real estate space. So far, the luxury segment has done well but we believe that with broad-based growth, pickup in manufacturing, wider job creation, we think that now the affordable real estate space or the mid-income real estate space is also expected to play a catch-up to what the premium or the luxury end has been doing.
Motilal Oswal initiates coverage on Adani Enterprises with Buy, sees 25% upside. Here’s why
Motilal Oswal has initiated coverage on Adani Enterprises with a Buy rating and a target price of Rs 3,880, implying 25% upside from the prevailing