Emkay stays upbeat on realty stock after 18% YTD drop
In short
A real estate stock has fallen 18% this year, but Emkay Global Financial Services still likes it. The broker expects the share to reach ₹1,900, which it says would mean 59% upside.
This matters because investors are getting a positive call even after a weak year so far. The report says sales have been strong, but it does not name the stock in the available summary.
What the reporting says
Despite an 18% decline in its stock price this year, the realty stock is still viewed positively by Emkay Global Financial Services, which cited strong quarterly sales and positive analyst forecasts. The broker set a target price of ₹1,900, implying 59% upside, according to the market summary. The immediate consequence is a bullish rating despite weak year-to-date performance, but the stock name is not stated in the available reporting.
Why it matters
Emkay Global Financial Services remains positive on a realty stock even after an 18% year-to-date fall in the share price. The broker cites strong quarterly sales and positive analyst forecasts, and it has a target price of ₹1,900, implying 59% upside. The summary does not name the company, so the market impact is limited to the sector view rather than a fully identified stock catalyst.