Buy Westlife Development, target price Rs 600: ICICI Securities

ICICI Securities has buy call on Westlife Development with a target price of Rs 600. The current market price of Westlife Development is Rs 461.55. Time period given by analyst is one year when Westlife Development Ltd. price can reach defined target.

Westlife Development Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 4940.14 Crore) operating in Tourism & Hospitality sector.

Westlife Development Ltd. key Products/Revenue Segments include Income From Sale Of Share & Securities for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 468.18 Crore, down -2.68 % from last quarter Total Income of Rs 481.10 Crore and up 29.74 % from last year same quarter Total Income of Rs 360.87 Crore. Company reported net profit after tax of Rs 15.32 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 56.98 per cent stake in the company as of 31-Mar-2022, while FIIs owned 9.94 per cent, DIIs 22.84 per cent.