Buy Godrej Properties, Oberoi Realty: Bandyopadhyay

Sudip Bandyopadhyay, MD & CEO, Destimoney Securities advises investors to buy Godrej Properties, Oberoi Realty.
 
Bandyopadhyay told CNBC-TV18, “We are advising investors to buy real estate not real estate stocks. If one has to buy real estate stocks they need to be very, very selective. Apart from the unrelated diversification, investment in the subsidiaries, there are corporate governance issues in many of these companies. So we are very, very selective. We do advise investors to buy Godrej Properties, Oberoi Realty and some of these names, but not in general.”
 
Godrej Properties is trailing 12-month (TTM) EPS was at Rs 15.20 per share. (Sep, 2012). The stock's price-to-earnings (P/E) ratio was 41.98. The latest book value of the company is Rs 179.33 per share. At current value, the price-to-book value of the company was 3.56. The dividend yield of the company was 0.47%.
 
Oberoi Realty is trailing 12-month (TTM) EPS was at Rs per share. (Sep, 2012). The stock's price-to-earnings (P/E) ratio was -. The latest book value of the company is Rs 68.40 per share. At current value, the price-to-book value of the company was 4.18. The dividend yield of the company was 0.7%.