Godrej Properties is currently trading at Rs. 457.45, up by 8.65 points or 1.93% from its previous closing of Rs. 448.80 on the BSE.
The scrip opened at Rs. 450.05 and has touched a high and low of Rs. 464.00 and Rs. 450.05 respectively. So far 8,016 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 473.00 on 18-Apr-2017 and a 52 week low of Rs. 285.00 on 21-Nov-2016.
Last one week high and low of the scrip stood at Rs. 473.00 and Rs. 429.60 respectively. The current market cap of the company is Rs. 9,897.00 crore.
The promoters holding in the company stood at 74.91%, while Institutions and Non-Institutions held 11.74% and 13.35% respectively.
Godrej Properties is reportedly planning to sell some of its office assets to raise around Rs 1500 crore, a significant portion of which would be used to bring down debt. The company’s net debt increased by Rs 270 crore on a sequential basis to Rs 3270 crore in the October-December quarter due to land and approval related cash outflows.
Godrej Properties is a realty firm of Godrej group, promoted by Godrej Industries and Godrej & Boyce Manufacturing Company. It is currently developing residential, commercial and township projects spread across approximately 12.93 million square meters (131 million square feet) in 12 cities.
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