Falling trendline Breakout seen in Godrej Properties : Tgt 1900+

11 Apr 2023

About Company:-

Godrej Properties Limited (GPL) is the real estate development arm of the Godrej Group, which was started in 1897 and is today one of India’s most successful conglomerates. Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry.


Fundamental analysis:-

Godrej Properties reported a four fold jump in sales booking to INR80b during FY17-22, driven by over 100msf of project additions. Godrej Properties market share expanded to 8% in CY22 from 2% in CY16 and it was one of the biggest beneficiaries of industry consolidation, with a strong visibility on consolidation, Godrej properties raised INR68b over FY19-21 but a large part of it remained undeployed until FY22.


Technical Analysis:-

Godrej properties Stock has given proper breakout of falling trendline. Stock has taken support previous multitimes support zone. Stock is almost trading at 50% Discount, this could be a best entry point for short term to long term. If anyone wants to go long can go with given levels on chart.

Market Cap
₹ 34,302 Cr.
Current Price
₹ 1,234
High / Low
₹ 1,705 / 1,005
Stock P/E
83.0
Book Value
₹ 316
Dividend Yield
0.00 %
ROCE
4.83 %
ROE
3.85 %
Face Value
₹ 5.00
Debt
₹ 5,382 Cr.
EPS
₹ 15.1
PEG Ratio
7.66
Promoter holding
58.5 %
Intrinsic Value
₹ 195
Pledged percentage
0.00 %
EVEBITDA
50.6


Note:- Please follow strict stop loss in it.

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