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Mindspace Business Parks REIT Share Price (MINDSPACE)

₹342.350.67%

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Overview
Fundamentals
Technicals
News and Events

Overview of Mindspace Business Parks REIT

Key events for Mindspace Business Parks REIT

  • ICICI Securities Recommends Buying Mindspace Business Parks REIT - 07 Feb, 2024

    ICICI Securities has recommended buying Mindspace Business Parks REIT with a revised DCF based TP of INR 382/unit. The estimated NDCF yield is 5.9% in FY24E, 6.6% in FY25E and 7.1% in FY26E.

  • Mindspace Business Parks REIT Reports Strong Leasing and Income Growth - 30 Jan, 2024

    Mindspace Business Parks REIT leased 450,000 sq ft of office space in Q3, taking cumulative leasing for the year to 1.6 million sq ft. Net operating income grew 10.4% YoY to ₹473 crore, with a distribution of ₹285 crore declared for the quarter. The REIT has received board approval to divest a land parcel and acquire additional space in Commerzone Yerawada, Pune.

  • Mindspace Business Parks REIT Reports Strong Q3 Results and Approves Acquisition and Divestment - 29 Jan, 2024

    Mindspace Business Parks REIT reports strong Q3 results with a rise in net operating income and revenue, approves acquisition of Commerzone Yerwada Park and divestment of land parcel, and announces distribution of Rs 285 crore to unitholders.

  • Jefferies Upgrades Mindspace Business Parks REIT to Buy - 09 Jan, 2024

    Mindspace Business Parks REIT receives an upgrade from Jefferies, moving from hold to buy, with a target price of Rs 365 and an implied upside of 12.5%.

Analyst Rating for Mindspace Business Parks REIT stock

based on 13 analysts

BUY
84.62%
Buy
7.69%
Hold
7.69%
Sell

Based on 13 analysts offering long term price targets for Mindspace Business Parks REIT. An average target of ₹363.08

Source: S&P Global Market Intelligence

Mindspace Business Parks REIT share Performance

  • ₹339.99
    ₹344.01
    ₹342.35
    downward going graph

    0.69%

    Downside

    Day's Volatility:1.17%

    Upside

    0.48%

    downward going graph
  • ₹284.8
    ₹344.01
    ₹342.35
    downward going graph

    16.81%

    Downside

    52 Weeks Volatility:17.30%

    Upside

    0.48%

    downward going graph
1 Month Return3.65 %
3 Month Return6.31 %
1 Year Return6.8 %
Previous Close₹340.08
Open₹343.00
Volume96.53K
Market Cap₹20,167.36Cr

Mindspace Business Parks REIT Company Information

Mindspace Business Parks REIT is a real estate investment trust (REIT) incorporated in India in 2019. The company operates in the business park and office real estate segment and is one of the largest REITs in India. It owns and operates a portfolio of high-quality office parks and business parks in India.

The company's top products include office spaces, retail spaces, and hotel spaces. It also offers a range of services such as leasing, property management, and asset management. Mindspace Business Parks REIT is known for its popular brands such as Mindspace, Mindspace Signature, and Mindspace Express.

Share Price: ₹342.35 per share as on 21 Feb, 2024 04:01 PM
Market Capitalisation: ₹20,167.36Cr as of today
Revenue: ₹608.00Cr as on December 2023 (Q4 23)
Net Profit: ₹146.80Cr as on December 2023 (Q4 23)
Listing date: 07 Aug, 2020
Chairperson Name: Deepak Ghaisas
OrganisationMindspace Business Parks REIT
Headquarters
IndustryReal Estate Investment Trusts
E-voting on sharesClick here to vote

Fundamentals of Mindspace Business Parks REIT

Insights on Mindspace Business Parks REIT

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 14.08% to 14.13% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 years, MINDSPACE stock has moved up by 11.4%

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, MINDSPACE has outperformed top 5 stocks with highest market-cap in Commercial REITs

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Embassy Office Parks REIT has given 20.7% return, outperforming this stock by 13.9%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 63.48% of holdings in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 19.71% to 0.00% in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 640.3 Cr → 610.8 Cr (in ₹), with an average decrease of 4.6% per quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 141.2 Cr → 137.8 Cr (in ₹), with an average decrease of 2.4% per quarter

Mindspace Business Parks REIT Valuation

Mindspace Business Parks REIT in the last 5 years

  • Overview

  • Trends

Lowest (34.95x)

May 31, 2021

Industry (31.54x)

February 20, 2024

Today (53.47x)

February 20, 2024

Highest (68.43x)

March 31, 2023

LowHigh

Mindspace Business Parks REIT Mutual Fund Holdings

Funds Holdings
ICICI Prudential Credit Risk Fund Direct Plan GrowthICICI Prudential Credit Risk Fund Direct Plan Growth0.69%
ICICI Prudential Balanced Advantage Fund Direct Plan GrowthICICI Prudential Balanced Advantage Fund Direct Plan Growth0.08%
Parag Parikh Conservative Hybrid Fund Direct GrowthParag Parikh Conservative Hybrid Fund Direct Growth0.88%
360 ONE Dynamic Bond Fund Direct Growth360 ONE Dynamic Bond Fund Direct Growth0.61%
Edelweiss Equity Savings Fund Direct GrowthEdelweiss Equity Savings Fund Direct Growth0.1%

Mindspace Business Parks REIT Shareholding Pattern

InvestorsHoldings %Prev. 4 periods3M change
Promoter Holdings
63.48%
0.00
Foreign Institutions
0%
-100.00
Mutual Funds
0.58%
0.00
Retail Investors
14.13%
0.31
Others
21.81%
919.16

Technicals of Mindspace Business Parks REIT share

News & Events of Mindspace Business Parks REIT

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Mindspace Business Parks REIT (MINDSPACE) share price today is ₹342.35

Mindspace Business Parks REIT is listed on NSE

Mindspace Business Parks REIT is listed on BSE

  • Today’s highest price of Mindspace Business Parks REIT is ₹344.01.
  • Today’s lowest price of Mindspace Business Parks REIT is ₹339.99.

PE Ratio of Mindspace Business Parks REIT is 53.47

PE ratio = Mindspace Business Parks REIT Market price per share / Mindspace Business Parks REIT Earnings per share

Today’s traded volume of Mindspace Business Parks REIT(MINDSPACE) is 96.53K.

Today’s market capitalisation of Mindspace Business Parks REIT(MINDSPACE) is ₹20167.36Cr.

Mindspace Business Parks REIT(MINDSPACEPrice
52 Week High
₹344.01
52 Week Low
₹284.8

Mindspace Business Parks REIT(MINDSPACE) share price is ₹342.35. It is down -0.48% from its 52 Week High price of ₹344.01

Mindspace Business Parks REIT(MINDSPACE) share price is ₹342.35. It is up 20.21% from its 52 Week Low price of ₹284.8

Mindspace Business Parks REIT(MINDSPACEReturns
1 Day Returns
2.27%
1 Month Returns
3.65%
3 Month Returns
6.31%
1 Year Returns
6.8%