will government's massive surge in investment ... - Myiris.com

Apr-Jun 2013 Earnings Preview
Bengaluru Rental Demand (msf) and Availability (%)
Take up (msf)
Availability (%) (RHS)
30
25
20
15
10
5
0
26 26 26
1.4
1.6
1.9
23
2.2
21 20
2.4
1.7
18 18 16
3.3
2.4
3.0
15 14 13.1 13.8 13.4
3.6
1.8
3.0
1.6
1.4
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
-
Q4 2009
Q1 2010
Q2 2010
Q3 2010
Q4 2010
Q1 2011
Q2 2011
Q3 2011
Q4 2011
Q1 2012
Q2 2012
Q3 2012
Q4 2012
Q1 2013
Source: DTZ, PL Research
NCR Rental Demand (msf) and Availability (%)
Take up (msf)
Availability (%) (RHS)
35
34
33
32
31
30
29
28
32 32 32
33
34
32
3231
31.2
30.1 30.2
1.0 1.0 1.4 1.9 1.2 2.0 1.0 1.6 0.9 1.7 1.2 1.1
Q1
2010
Q2
2010
Q3
2010
Q4
2010
Q1
2011
Q2
2011
Q3
2011
Q4
2011
Q1
2012
Q2
2012
Q3
2012
31
Q4
2012
2.5
2.0
1.5
1.0
0.5
-
Source: DTZ, PL Research
Stock Performance
Absolute
Relative to Sensex
1M 3M 6M 12M 1M 3M 6M 12M
Anant Raj Industries (15.5) (12.7) (46.2) (8.7) (14.9) (17.5) (44.1) (19.0)
DLF (11.8) (25.0) (26.1) (17.1) (11.2) (29.8) (24.0) (27.4)
Housing Development & Infrastructure (8.0) (20.8) (68.4) (58.1) (7.5) (25.6) (66.3) (68.4)
Oberoi Realty (6.2) (20.0) (30.4) (14.9) (5.7) (24.8) (28.2) (25.2)
Peninsula Land (8.7) (12.0) (48.7) 3.0 (8.1) (16.8) (46.6) (7.3)
Prestige Estates Projects (9.3) (11.4) (13.7) 25.2 (8.7) (16.2) (11.6) 14.9
Sobha Developers (11.1) (4.8) (12.2) 2.6 (10.6) (9.6) (10.1) (7.7)
Unitech (14.2) (14.8) (46.7) (15.5) (13.7) (19.6) (44.6) (25.8)
Source: Bloomberg, PL Research
July 8, 2013 167