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Buy Godrej Properties, target Rs 518: Dharmesh Shah

Buy Godrej Properties Ltd. at a price target of Rs 518.0 and a stop loss at Rs 428.0 from entry point

Last Updated: Apr 18, 2017, 12.36 PM IST
Dharmesh Shah of ICICI Direct has Buy call on Godrej Properties Ltd. with a target price of Rs 518.0 .The current market price of Godrej Properties Ltd. is 458.5 Time period given by analyst is Intra Day when Godrej Properties Ltd. price can reach defined target. recommended to keep stoploss at Rs 428.0 .

Godrej Properties Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of ₹ 9910.58 Cr.) operating in Construction sector.

Godrej Properties Ltd. key Products/Revenue Segments include Income From Construction Work which contributed ₹ 239.48 Cr to Sales Value (70.38 % of Total Sales), Sale of services which contributed ₹ 60.72 Cr to Sales Value (17.84 % of Total Sales), Other Operating Revenue which contributed ₹ 38.71 Cr to Sales Value (11.37 % of Total Sales) and Lease Rentals which contributed ₹ 1.35 Cr to Sales Value (0.39 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Consolidated sales of ₹ 502.03 Cr., up 64.28% from last quarter Sales of ₹ 305.60 Cr. and up 29.21% from last year same quarter Sales of ₹ 388.55 Cr. Company has reported net profit after tax of ₹ 74.42 Cr. in latest quarter. The company’s CEO is Mr.Pirojsha Godrej. It's Board of Directors include Mr.Surender Varma, Mr.Rajendra Khetawat, Mr.Surender Varma, 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, Mr.S Narayan, Mrs.Lalita D Gupte. Company has its registered office at Godrej Bhavan,, 4th Floor,, 4A, Home Street,, Mumbai, 400001, Maharashtra. Company has Kalyaniwalla & Mistry as its auditors. As on 31-03-2017, the company has a total of 216,364,692 shares outstanding.

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