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Buy Godrej Properties, target Rs 980: Kunal Bothra

Buy Godrej Properties at a price target of Rs 980 and a stop loss at Rs 900.|
Updated: Jun 20, 2019, 09.07 AM IST
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Kunal Bothra recommended to keep the stoploss at Rs 900.
Independent analyst Kunal Bothra has a buy call on Godrej Properties with a target price of Rs 980. The current market price of Godrej Properties is Rs 930.50. Time period given by analyst is intra day when Godrej Properties price can reach the defined target. Kunal Bothra recommended to keep the stoploss at Rs 900.

Godrej Properties , incorporated in the year 1985, is a large cap company (having a market cap of Rs 21345.12 crore) operating in Construction sector.

Godrej Properties key Products/Revenue Segments include Real Estate Development which contributed Rs 806.13 crore to Sales Value (84.33 per cent of Total Sales), sale of services which contributed Rs 124.35 crore to sales Value (13 per cent of Total Sales), Other Operating Revenue which contributed Rs 22.92 crore to sales Value (2.39 per cent of Total Sales) and Lease Rentals which contributed Rs 2.43 crore to Sales Value (0.25 per cent of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Consolidated sales of Rs 1053.09 crore, up 209.68 per cent from last quarter Sales of Rs 340.06 crore and up 102.05 per cent from last year same quarter Sales of Rs 521.20 crore Company has reported net profit after tax of Rs 159.70 crore in latest quarter.

The company’s top management includes Mr.Adi B Godrej, Mr.Amitava Mukherjee, Mr.Jamshyd N Godrej, Mr.Keki B Dadiseth, Mr.Mohit Malhotra, Mr.Nadir B Godrej, Mr.Pirojsha Godrej, Mr.Pranay Vakil and Mrs.Lalita D Gupte.

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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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