Buy Westlife Development, target price Rs 910: Emkay Global

Emkay Global has buy call on Westlife Development with a target price of Rs 910. The current market price of Westlife Development is Rs 783.9.

Westlife Development Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 12172.38 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-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 577.62 Crore, up 7.02 % from last quarter Total Income of Rs 539.74 Crore and up 48.34 % from last year same quarter Total Income of Rs 389.38 Crore. Company reported net profit after tax of Rs 31.54 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 56.98 per cent stake in the company as of 30-Jun-2022, while FIIs owned 9.47 per cent, DIIs 23.34 per cent.