As discussed in this strategy
which is triggered the bullish signal. It is quite obvious with MACD cross its signal line along with potential increase in volume.
Some key points about Godrej Properties if convinced for LONG:
Revenue: The company generated revenue of INR 567.51 crore during the quarter ended June 30, 2023, which was an increase of 25.5% compared to the same quarter in the previous year.
Net Profit: The net profit of the company stood at INR 139.01 crores during the quarter ended June 30, 2023, registering a growth of 40.19%.
Earnings Per Share (EPS): The earnings per share (EPS) of the company were INR 1.00 during the quarter ended June 30, 2023, representing a growth of 36.00% over the same quarter in the previous year.
Dividend: There was no dividend paid by the company during the quarter ended June 30, 2023.
Interest Coverage Ratio: The interest coverage ratio of the company was 21.38 times during the quarter ended June 30, 2023, indicating that the company had sufficient ability to meet its interest payments.
Debt-to-Equity Ratio: The debt-to-equity ratio of the company was 0.75 during the quarter ended June 30, 2023, indicating that the company had a healthy balance between its debt and equity.
Return on Equity (ROE): The return on equity (ROE) of the company was 25.35% during the quarter ended June 30, 2023, indicating that the company was generating good returns on its equity investment.
Some key points about Godrej Properties if convinced for LONG:
Revenue: The company generated revenue of INR 567.51 crore during the quarter ended June 30, 2023, which was an increase of 25.5% compared to the same quarter in the previous year.
Net Profit: The net profit of the company stood at INR 139.01 crores during the quarter ended June 30, 2023, registering a growth of 40.19%.
Earnings Per Share (EPS): The earnings per share (EPS) of the company were INR 1.00 during the quarter ended June 30, 2023, representing a growth of 36.00% over the same quarter in the previous year.
Dividend: There was no dividend paid by the company during the quarter ended June 30, 2023.
Interest Coverage Ratio: The interest coverage ratio of the company was 21.38 times during the quarter ended June 30, 2023, indicating that the company had sufficient ability to meet its interest payments.
Debt-to-Equity Ratio: The debt-to-equity ratio of the company was 0.75 during the quarter ended June 30, 2023, indicating that the company had a healthy balance between its debt and equity.
Return on Equity (ROE): The return on equity (ROE) of the company was 25.35% during the quarter ended June 30, 2023, indicating that the company was generating good returns on its equity investment.