Aurum PropTech: DART initiates coverage on the stock with ‘BUY’, sees over 68% upside - 5 key reasons why

livemint.com:

₹250, implying an over 68 percent potential upside. This will be led by its strong market positioning, comprehensive portfolio of new-age platforms/products, and end-to-end mapping of consumer needs along the lifecycle, it said. DART expects a revenue CAGR (compounded annual growth rate) of 46 percent over FY24-FY27E for the firm along with PAT profitability in FY27E.

The stock has gained 29 percent in the last one year and over 15 percent in 2024 YTD. It has given negative returns in 3 of the 5 months so far. The stock lost 2.3 percent in May after a 19.5 percent rise in April.

It also shed 7.5 percent in March and 10.2 percent in February, however, rose 21.3 percent in January this year. Currently at ₹145.05, the stock is over 22 percent away from its record high of ₹186.55, hit on January 19, 2024. Meanwhile, it has advanced 36 percent from its 52-week low of ₹106.65, hit on May 24, 2023.

Diverse and Robust Revenue Generation Streams: As per the brokerage, Aurum's diverse products and solutions are well-positioned for substantial growth, driven by increased housing demand, formalisation of the rental market, and the rising popularity of co-living spaces. It anticipates co-living and property management platforms, HelloWorld and Nestaway, to achieve 43 percent and 64 percent CAGR, respectively, from FY24 to FY27, while SaaS platform K2V2 and analytics solutions are expected to deliver 33 percent and 53 percent CAGR over the same period. Additionally, Aurum has significant potential in its smaller-scale ventures like WiseX (fractional ownership), Integrow (asset management), The House Monk (property management software), and Aurum InstaHome (home valuation).