ICICI Securities maintains 'Buy' rating on Nexus Select Trust due to its acquisition-led growth strategy.
The current market price of Rs 133 is expected to deliver a net distributable cash flow distribution yield of 6.9% in FY26E and 7.4% in FY27E.
ICICI Securities retains Buy rating with a revised target price of Rs 161/share, valuing assets at 6.8% cap rate and incorporating MBD, Ludhiana asset in their estimates.
Nexus Select Trust REIT unveiled its 'Nexus 2.0: Re-imagining the Future' strategy in its Analyst meet.