This Mahindra Group stock has zoomed over 80% so far in 2022

Mahindra Lifespace hit a record high of Rs 439.85 and surged 6% on expectation of favorable demand situation in the Indian real estate sector.

Shares of Mahindra Lifespace Developers hit a record high of Rs 439.85 and surged 6 per cent on the BSE in Monday’s intra-day trade, on expectation of favourable demand situation in India's real estate sector.

The stock of Mahindra Group company surpassed its previous high of Rs 435 that it had touched on June 13, 2022. So far in 2022, the market price of the realty company has zoomed 81 per cent, as compared to 9 per cent decline in the S&P BSE Sensex.

Analysts believe that Mahindra Lifespace is well placed to leverage this environment, in order