Godrej Properties is currently trading at Rs. 362.00, up by 3.85 points or 1.07% from its previous closing of Rs. 358.15 on the BSE.
The scrip opened at Rs. 361.50 and has touched a high and low of Rs. 366.30 and Rs. 361.25 respectively. So far 153 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 386.00 on 09-Aug-2016 and a 52 week low of Rs. 266.40 on 29-Feb-2016.
Last one week high and low of the scrip stood at Rs. 374.00 and Rs. 356.95 respectively. The current market cap of the company is Rs. 7749.05 crore.
The promoters holding in the company stood at 74.91%, while institutions and non-institutions held 9.99% and 15.09% respectively.
Godrej Properties is reportedly expecting to garner top-line of about Rs 3,000 crore over the next 6-7 years from a new township in Greater Noida where the company sold properties worth over Rs 300 crore on the first day of launch. The company will launch more projects during this fiscal and announce new tie-ups for future development.
The Mumbai-based developer had last month forayed into Noida-Greater Noida property market with the launch of 100 acre township in partnership with local builder Ace Group.
Godrej Properties is a realty firm of Godrej group, promoted by Godrej Industries and Godrej & Boyce Manufacturing Company. It is one of the leading real estate development companies in India based in Mumbai, Maharashtra. Godrej Properties is currently developing residential, commercial and township projects spread across approximately 11.98 million square meters (129 million square feet) in 12 cities.
