Mindspace Business Park REIT Listing - Angel Broking

Mr. Yash Gupta, Equity Research Associate, Angel Broking Ltd

"Mindspace Business Park REIT- We had recommended a SUBSCRIBE to Mindspace REIT. Post listing as the stock is trading ~10% above the issue price, traders and short term investors can look to book profits at current levels and lock in the listing gains. From a long term perspective it is one of the good assets class to be invested for similar or better post tax yield as compared to fixed Income with good opportunity for capital appreciation. However given the increasing trend of work from home there are some concerns about the company and the commercial real estate segment in the short to medium term as absorption may remain low in the near future."

Source : Equity Bulls

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