Buy Godrej Properties, target Rs 810: Manas Jaiswal
Buy Godrej Properties Ltd. at a price target of Rs 810 and a stoploss at Rs 736 from entry point.
Godrej Properties Ltd., incorporated in 1985, is a midcap company with a market cap of Rs 17536.25 crore.
Godrej Properties Ltd. key Products/Revenue Segments include Real Estate Development which contributed Rs 806.13 Crore to Sales Value (84.33 % of Total Sales), Sale of services which contributed Rs 124.35 Crore to Sales Value (13.00 % of Total Sales), Other Operating Revenue which contributed Rs 22.92 Crore to Sales Value (2.39 % of Total Sales) and Lease Rentals which contributed Rs 2.43 Crore to Sales Value (0.25 % of Total Sales)for the year ending 31-Mar-2018.
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 B S R & Co. LLP as its auditoRs As on 30-09-2018, the company has a total of 229,321,932 shares outstanding.