GODREJ PROPERTIES
MS ON GODREJ PROPERTIES : 04.08.2021
* Morgan Stanley maintains UNDERWEIGHT call on Godrej Properties, target at Rs 1,128/sh
* Q1 Sequentially Affected By Strict Lockdowns
* Business Fundamentals Are Positive With Rising Demand & A Strong Launch Pipeline
* Rich Valuation Keeps Us Underweight
* MAINTAIN UNDERWEIGHT TARGET: 1,128
* CLSA maintains SELL call on Godrej Properties, target at Rs 1,145/sh
CLSA ON GODREJ PROPERTIES : 04.08.2021
* MAINTAIN SELL TARGET: 1,145
* Cut FY22 EPS Estimates On A Weak Q1 & Near-term Margin Outlook
• July Presales Back To Normal; Growth Expected In FY22
* Valuations Are Rich At Current Levels
