Add Westlife Development, target price Rs 470: ICICI Securities

ICICI Securities has add call on Westlife Development with a target price of Rs 470. The current market price of Westlife Development Ltd. is Rs 437.1.

Westlife Development Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 6817.53 Crore) operating in Tourism & Hospitality sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 206.94 Crore, up 120.41 % from last quarter Sales of Rs 93.89 Crore and down -47.59 % from last year same quarter Sales of Rs 394.87 Crore Company has reported net profit after tax of Rs -32.54 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 59.1 per cent stake in the company as of Sept 30, 2020, while FIIs held 10.1 per cent, DIIs 18.3 per cent and public and others 11.5 per cent.