Hold Godrej Properties; target of Rs 520: Edelweiss

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

live

• bselive
• nselive

Volume

Todays L/H

More

×

Edelweiss' research report on Godrej Properties

Godrej Properties (GPL) has acquired a new group housing project in Sohna (new market entry), further expanding its NCR foray. Despite sluggish residential demand in NCR over last 4 years, GPL has leveraged its strong brand name and product quality well, leading to strong sales in most of its ongoing NCR projects.

Outlook

For its Sohna project we estimate sales potential of INR 4.3bn; NAV of INR 4/share. In our view, GPL’s new projects pipeline, prospects of portfolio expansion, strong brand name and tailwinds from RERA & affordable housing incentives are largely priced in. Hence, we maintain ‘HOLD’.

For all recommendations, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More