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Godrej Properties shines on hiking stake in Wonder Space Properties

05 Apr 2019 Evaluate

Godrej Properties is currently trading at Rs. 966.20, up by 51.90 points or 5.68% from its previous closing of Rs. 914.30 on the BSE.

The scrip opened at Rs. 935.00 and has touched a high and low of Rs. 967.50 and Rs. 935.00 respectively. So far 23532 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 967.50 on 05-Apr-2019 and a 52 week low of Rs. 462.00 on 10-Oct-2018.

Last one week high and low of the scrip stood at Rs. 937.00 and Rs. 810.00 respectively. The current market cap of the company is Rs. 20967.07 crore.

The promoters holding in the company stood at 70.83%, while Institutions and Non-Institutions held 15.15% and 14.02% respectively.

Godrej Properties has increased its equity stake in Wonder Space Properties from 25.1% to 96.03% by acquiring equity shares from Shubh Properties Cooperatief U.A. Wonder Space Properties is engaged in construction and development of land situated in NCR.

Consequent to the above acquisition, Wonder Space Properties has become Subsidiary of the Company with effect from April 04, 2019.

Godrej Properties is a realty firm of Godrej group and it is one of the leading real estate development companies in India based in Mumbai, Maharashtra. Currently, their business focuses on residential, commercial and township developments.

Peers
Company Name CMP
Lodha Developers 1085.80
Prestige EstatesProj 1427.85
Dilip Buildcon 405.85
DLF 623.00
Oberoi Realty 1710.20
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