The Economic Times daily newspaper is available online now.

    Buy Godrej Properties, target price Rs 1460: Sharekhan

    Synopsis

    Godrej Properties Ltd., incorporated in the year 1985, is a Large Cap company (having a market cap of Rs 38128.84 Crore) operating in Real Estate sector.

    Godrej PropertiesAgencies
    Promoters held 58.43 per cent stake in the company as of 31-Mar-2022, while FIIs owned 30.17 per cent, DIIs 2.77 per cent.
    Sharekhan by BNP Paribas has buy call on Godrej Properties with a target price of Rs 1460. The current market price of Godrej Properties is Rs 1373.7. 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 38128.84 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 31-03-2022, the company reported a Consolidated Total Income of Rs 1522.57 Crore, up 226.09 % from last quarter Total Income of Rs 466.91 Crore and up 164.30 % from last year same quarter Total Income of Rs 576.08 Crore. Company reported net profit after tax of Rs 305.50 Crore in latest quarter.

    Investment Rationale
    In process of forming an Inverted H&S pattern. Daily momentum indicator in sync with bullish structure.

    Promoter/FII Holdings
    Promoters held 58.43 per cent stake in the company as of 31-Mar-2022, while FIIs owned 30.17 per cent, DIIs 2.77 per cent.



    (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in