The brokerage firm JMFinancial is placing its bets on four companies that it believes will deliver returns. From job portals to real estate giants, JM Financial has recommended a ‘BUY’ on stocks like Info Edge, Godrej Properties, Sobha, and Keystone Realtors. The brokerage believes that despite challenges in their sectors, the company has shown strong performance and has a future potential.
Let’s take a look at why the brokerage recommends Buy on Info Edge, Godrej Properties, Sobha, and Keystone Realtors.
JM Financial on Godrej Properties
The brokerage firm’s optimism continues in the real estate space, with Godrej Properties leading the charge. The company clocked its highest ever quarterly pre-sales of Rs 102 billion in Q4FY25, beating JM’s estimate of Rs 98 billion.
According to the brokerage report, FY25 saw Godrej sell over 15,300 homes totalling 25.7 million square feet. Annual pre-sales rose 31% YoY to Rs 294 billion, exceeding its guidance by 9%.
“Performance was driven by blockbuster launches like Godrej Riverine in Noida and Godrej Astra in Gurugram, each crossing the Rs 10 billion mark,” the brokerage noted.
“This is the eighth consecutive year of growth in pre-sales. GPL is proving its consistency and execution capabilities in an otherwise cyclical sector,” added the report
The strong absorption in NCR, MMR, and Bengaluru, collectively contributing over Rs 235 billion in booking value, further reinforces the BUY call.
JM Financial on Sobha Limited
The brokerage firm in its report noted that Sobha Limited posted a recovery in Q4FY25, reporting Rs 18.4 billion in pre-sales, up 22% YoY and 32% QoQ, in line with expectations. Bengaluru remained its crown jewel, accounting for 77% of overall bookings, aided by the launch of “Sobha Townpark”.
While overall volume in FY25 dropped 23% YoY, value declined just 6% thanks to a 23% jump in realizations, indicating premiumisation in its portfolio.
“After a muted nine months, Sobha’s Q4 comeback – backed by high-value launches and improved pricing – indicates a re-acceleration,” the brokerage said.
JM Financial on Info Edge
The brokerage firm, JM Financial remains bullish on Info Edge (India), maintaining a ‘BUY’ call despite trimming the target price to Rs 7,800 from Rs 8,750 earlier. The reason behind this rating by the brokerage is the strong all-round billing performance in Q4FY25 of the company across its key business segments – Naukri, 99acres, Jeevansathi, and Shiksha.
As per the brokerage report, standalone billings grew 19% YoY, with the recruitment business (Naukri) witnessing an 18.4% rise the highest in ten quarters. This was accompanied by a surge in real estate portal 99acres, which grew 21.9% YoY, marking its best quarter in a year.
“Growth appears broad-based across IT and non-IT segments, indicating a healthy demand environment,” noted the brokerage house in its report.
Furthermore, the brokerage has moderated future billing growth for Naukri from 18% to 14.5% for FY26-27, but expects margin expansion led by operating leverage, especially as 99acres and Jeevansathi inch toward breakeven.
“Despite some caution in IT recruitment, the overall business is showing signs of durable demand. With multiple engines firing, Info Edge remains a solid long-term bet,” said the brokerage firm.
JM Financial on Keystone Realtors (Rustomjee)
The brokerage firm recommended a BUY on Keystone Realtors, best known for its Rustomjee brand with a target price of Rs 855. While Q4FY25 pre-sales were relatively muted at Rs 8.5 billion, the company saw a 53% YoY jump in area sold, reflecting increased affordability and better absorption in key projects.
FY25 saw Rustomjee meet its pre-sales guidance with Rs 30.3 billion in sales and a 41% YoY increase in volume. The launches of “Urban Woods” in Dombivli and “Rustomjee Prive” in Bandra East are expected to push FY26 sales further.
“We project a 31% CAGR in pre-sales over FY25-27E, driven by a strong launch pipeline and an uptick in redevelopment opportunities,” the brokerage said.