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Buy Godrej Properties, target Rs 650: Manas Jaiswal

Buy Godrej Properties Ltd. at a price target of Rs 650.0 and a stoploss at Rs 630 from entry point.|
Updated: Nov 21, 2018, 09.09 AM IST
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Manas Jaiswal of has a buy call on Godrej Properties Ltd. with a target price of Rs 650. The current market price of Godrej Properties Ltd. is Rs 638.4. Time period given by the analyst is Intra Day when Godrej Properties Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 630.
Godrej Properties Ltd., incorporated in 1985, is a midcap company with a market cap of Rs 14639.91 crore.
Godrej Properties Ltd. key Products/Revenue Segments include Income From Construction Work which contributed Rs 240.36 Crore to Sales Value (52.57 % of Total Sales), Sale of services which contributed Rs 109.88 Crore to Sales Value (24.03 % of Total Sales), Other Operating Revenue which contributed Rs 105.16 Crore to Sales Value (23.00 % of Total Sales) and Lease Rentals which contributed Rs 1.74 Crore to Sales Value (0.38 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 393.25 Crore, down -60.55 % from last quarter Sales of Rs 996.73 Crore and down -20.12 % from last year same quarter Sales of Rs 492.32 Crore Company has reported net profit after tax of Rs 34.19 Crore in latest quarter. The company’s top management includes Dr.Pritam Singh, Mr.Adi B Godrej, Mr.Amit B Choudhury, Mr.Amitava Mukherjee, Mr.Jamshyd N Godrej, Mr.Keki B Dadiseth, Mr.Mohit Malhotra, Mr.Nadir B Godrej, Mr.Pirojsha Godrej, Mr.Pranay Vakil, Mrs.Lalita D Gupte. Company has Kalyaniwalla & Mistry LLP as its auditoRs As on 30-09-2018, the company has a total of 229,321,932 shares outstanding.

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Disclaimer: This recommendation is analyst's own and does not represent those of & Please consult your financial advisor before taking any position in the stock/s mentioned.

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