Shrikant Chouhan of Kotak Securities Limited has a buy call on Westlife Development Ltd. with a target price of Rs 335.0. The current price of Westlife Development Ltd. is Rs 319.7 Time period given by the analyst is Intra Day when Westlife Development Ltd. price can reach defined target. . Shrikant Chouhan recommended to keep a stoploss at Rs 310 .
Westlife Development Ltd., incorporated in 1982, has a market cap of Rs 4940.14 crore.
Investment Rationale
Strong price volume breakout pattern with strong bullish candle on daily and weekly charts.
Quarterly Results Source: ETMarkets.com
Financials
For the quarter ended March 31, 2020, the company reported consolidated sales of Rs 332.88 crore, down -22.72 per cent from last quarter sales of Rs 430.72 crore and down -1.86 per cent from last year's same quarter sales of Rs 339.17 crore. The company reported net profit after tax of Rs -25.27 crore in the latest quarter.
Promoter/FII Holdings
Promoters held 59.12 per cent stake in the company as of March 31, 2020, while FIIs held 12.65 per cent, DIIs 15.99 per cent and public and others 12.18 per cent.
