Buy Godrej Properties, target price Rs 1960: Kotak Securities

Buy Godrej Properties, target price Rs 1960: Kotak Securities
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Synopsis

Godrej Properties Ltd., incorporated in the year 1985, is a Large Cap company (having a market cap of Rs 52916.28 Crore) operating in Real Estate sector.

Promoters held 58.43 per cent stake in the company as of 30-Sep-2021, while FIIs owned 31.36 per cent, DIIs 2.99 per cent.

Related

Kotak Securities has buy call on Ltd. with a target price of Rs 1960. The current market price of Godrej Properties Ltd. is Rs 1903.9. Time period given by analyst is Intra Day when Godrej Properties Ltd. price can reach defined target. .

Godrej Properties Ltd., incorporated in the year 1985, is a Large Cap company (having a market cap of Rs 52916.28 Crore) operating in Real Estate sector.

Godrej Properties Ltd. key Products/Revenue Segments include Income From Real Estate Development, Sale of services, Other Operating Revenue and Lease Rentals for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 334.22 Crore, up 27.57 % from last quarter Total Income of Rs 261.99 Crore and up 33.57 % from last year same quarter Total Income of Rs 250.23 Crore. Company reported net profit after tax of Rs 79.79 Crore in latest quarter.

Investment Rationale
Stock is into a gradual up move forming higher high and higher low patterns indicating an uptrend.

Promoter/FII Holdings
Promoters held 58.43 per cent stake in the company as of 30-Sep-2021, while FIIs owned 31.36 per cent, DIIs 2.99 per cent.
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