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Bloomberg Quint

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Image Credit: Bloomberg Quint

'Buy' Nexus Select Trust Maintains ICICI Securities On Acquisition-Led Growth Strategy

  • 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.

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