Equity / Stocks - Peninsula Land in MARKETS - CMP: 59
Peninsula Land Ltd. is a Real Estate Development company. The Company undertakes development of upscale residential communities.
Peninsula ...
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03-01-2011 10:59 PM
Peninsula Land
CMP: 59
Peninsula Land Ltd. is a Real Estate Development company. The Company undertakes development of upscale residential communities.
Peninsula Land is yet another value buy in realty sector like our earlier post on HDIL. Its priced at a P/E of little over 6 with outstanding NPM of over 50% in the last year which has been constantly improving and on the higher side in the last 5 years. Revenues have also constantly grown in the last 5 years, expect for the dip in current financial year. Improved NPM this year compensates the dip in revenues this year. Consistent dividend yielding stock with high yields of 2.5% in the last 12 months. Buy, Accumulate on dips of 15% and hold for long term gains.
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