This Mahindra and Mahindra parentage real estate stock made a 52-week high on August 19 despite negative market sentiment

One of the company's competitive advantages is that it borrows funds at a 20 per cent lower rate than its competitors.

The market was trading flat on August 19 until 10:30 am, but then it corrected significantly. The S&P BSE Sensex closed down at 59646, 1.08 per cent from its previous close of 60,298. Talking about sector performance, IT performed well, while Realty remain today’s biggest loser. 

Mahindra Lifespace Developers Ltd is one of the Top Gainers in the BSE group 'A', despite the weak performance of the real estate sector today. In today's trading session, the shares of Mahindra Lifespace Developers reached both a 52-week high and an all-time high at Rs 523.9. The stock is up more than 1.22 per cent from its previous close of Rs 471 to Rs 477.05 as of today's market close. 

Mahindra Lifespace Developers Ltd is involved in the business of designing, developing, constructing, and marketing residential and commercial projects. It operates under two segments- Residential and Integrated Cities and Industrial Clusters (IC & IC). 

The company has a strong linkage with Mahindra & Mahindra Ltd. This allows the company to borrow funds at a 20 per cent lower rate than its peers. 

The company's Q1 FY23 results remain disappointing. Consolidated revenue fell 36.21 per cent year on year, from Rs 148.21 crore in Q1FY22 to Rs 94.55 crore in Q1FY23. However, the company reported a net profit of Rs 75.41 crore, compared to a net loss of Rs 13.87 crore in the previous fiscal quarter. 

In terms of shareholding, the promoters own 51.33 per cent of the company, FIIs own 10.66 per cent, DIIs own 18.92 per cent, and non-institutional investors own the remaining 19.15 per cent. 

The company has a market capitalisation of Rs 7665 crore and trades at a PE multiple of 57.98x as of the June quarter ending. The stock has a 52-week high of Rs 523.9 and a low of Rs 218.65.