Sunday, September 13, 2020

Godrej Properties | Stock of the Week | Key Signals

 


GODREJ PROPERTIES LIMITED 

Stock/Share Price: 897


➽ In this article we will discuss recent development in the StockShare of GODREJPROP in the Stock Market
👉GODREJPROP is one of the leading real estate development companies in India based in Mumbai, Maharashtra. Currently, their business focuses on residential, commercial and township developments. 

Recent Key Strengths

Annual Net Profits improving for last 2 years

Book Value per share Improving for last 2 years

Company with Zero Promoter Pledge

FII / FPI or Institutions increasing their shareholding

MFs increased their shareholding last quarter


Recent Weaknesses


Decline in Quarterly Net Profit with falling Profit Margin (YoY)

Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)

Declining Net Cash Flow : Companies not able to generate net cash

Fall in Quarterly Revenue and Net Profit (YoY)

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Technical Chart 

godrej properties share price, finvestonline.com

👉 Godrej Properties after a steep fall from the level of 1150 in the March 2020 made a bottom and consolidated near the level of 600 .

👉Stock after consolidation shows strong price momentum and rose more than 50 % in recent few weeks and now the stock is trading in strong uptrend.

👉But after a steep rise from the levels of 600 , GODREJPROP stock is again in a consolidation phase which is a good sign for further upside momentum in price.

👉As of now, the stock again touches the support trend line after consolidation and  green candle with huge volume indicating a positive signal for further price appreciation. 

👉Another important signal comes from yesterday trading session. In yesterday trading session volume jumps more than 250% with positive price closing of the stock which is another positive signs that suggests this consolidation phase is over.

👉So, from above many technical and volume indicators suggesting that the stock is again ready for further price appreciation , so this stock should be in radar .

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Recent Valuation Summary

godrej properties share price, finvestonline.com

Valuation of the stock is expensive.

👉Godrej Properties is currently trading at P/E of 116.82 which is far more than the industrial average. Also stock is trading at 4.5 times of its book value.


Recent Annual Results

godrej properties share price, finvestonline.com

👉On recent annual financial summary the stock is performing very well , Annual sales is is increasing very significantly except this year due to global pandemic effect.

👉Annual Net Profit increasing with significant numbers on YoY basis showing positive sign in the performance of the company.


Key Balance Sheet Summary

godrej properties share price, finvestonline.com

👉Reserves and surplus numbers are increasing significantly on YoY basis showing financial strength of the company.

Thanks for your Precious Time.

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Finvest Online
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Disclaime
r- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader,user and company that are mention on this website.We are not SEBI registered financial advisor or analyst.

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