Keystone Realtors

Here’s a quick look at stocks likely to be in focus in today's trade.

Here’s a quick look at stocks likely to be in focus in today's trade.

Sri Lotus Developers IPO subscription status: The public issue has been subscribed around 74 times in three days of bidding from 30 July to 1 August 2025

Keystone Realtors shares surged 10% to ₹ 697 after winning a redevelopment project in Andheri West, Mumbai. The project covers 4.75 acres and aims for a GDV of ₹ 3,000 crore. The company also received an LOA for another project in Sion, enhancing its market position.

India's ultra-luxury real estate market is thriving, with properties exceeding ₹ 100 crore in locations like Mumbai's Pali Hill becoming increasingly sought after among the country's billionaire industrialists, tech CEOs, film celebrities, and NRIs.

With limited greenfield land, Mumbai's redevelopment sector is drawing developers to revamp aging buildings and slums. Major firms like Puravankara and Prestige Group are entering the market, but past issues with Mumbai's redevelopment projects raise concerns about the sustainability of this growth.

The brokerage has assigned a 'buy' rating to DLF, Macrotech Developers, and Keystone Realtors. It has set a target price of ₹ 1,000 for DLF, indicating a 20% upside, ₹ 1,480 for Macrotech Developers, suggesting a 16% upside, and ₹ 895 for Keystone Realtors, signaling an upside potential of 16.5%.

Most brokerages advise subscribing to Keystone Realtors IPO due to a strong track record and pipeline, decent financials, and attractive valuation.