Kahan se aa rahi hai yeh confidence?
Dekho, ASL ESOP Trust ne taazaa khabar ke mutabik 27 March 2026 ko 4,58,670 shares market se khareede hain. Iska matlab hai ki employee stock option schemes ko support mil raha hai, jisse employees ki loyalty aur company ki performance dono badhti hai. Sabse acchi baat yeh hai ki yeh sab karne se existing investors ke shares dilute nahi hote.
Iske pehle, promoters ne khud 4% se zyada stake badha kar apna total holding 49.83% se 53.83% ke paar pahuncha diya hai. Yeh clear signal hai ki company ke founders ko iske fundamentals par full faith hai.
Real Estate Market aur ASL ka game
Abhi real estate sector thoda mixed chal raha hai. Q1 2026 mein top 7 cities mein sales 7% kam hui hain quarter-on-quarter, global issues aur badhti construction costs ki wajah se. Haan, year-on-year sales 7% upar hai, par unsold inventory bhi 4% badh gaya hai. ASL ka market cap abhi ₹2,300-2,450 Crore ke aaspaas hai.
Valuation ki baat karein toh P/E ratio 30x se 37x ke beech hai, aur EPS estimates ₹20 se ₹26 hain. ROE bhi 18-22% dikha raha hai, jo pehle ke periods se behtar hai. Par ek side note, pichle ek saal mein ASL ka stock lagbhag 26-27% gira hai, jo sector ke kuch competitors se piche hai.
Analysts ka kya kehna hai?
Is sab ke bawajood, analysts ASL ko lekar kaafi optimistic hain. Kai experts ne is stock ko 'Strong Buy' rating di hai aur average 12-month price target ₹809 set kiya hai. Matlab, unke hisaab se abhi stock mein kaafi upside potential hai. Company mein strategic leadership changes bhi hue hain, jaise Kulin Lalbhai ab Chairman hain aur Priyansh Kapoor MD & CEO bane hain.
Waisey, pehle proxy advisors ne ESOPs ke exercise pricing ko lekar kuch sawaal uthaye the, jiska company ne baad mein clarification diya tha.