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Godrej Properties inches up on targeting at least 27% growth in sales bookings this fiscal year

09 May 2022 Evaluate

Godrej Properties is currently trading at Rs. 1419.70, up by 2.50 points or 0.18% from its previous closing of Rs. 1417.20 on the BSE.

The scrip opened at Rs. 1410.00 and has touched a high and low of Rs. 1430.40 and Rs. 1406.45 respectively. So far 13430 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2598.00 on 14-Oct-2021 and a 52 week low of Rs. 1215.50 on 14-May-2021.

Last one week high and low of the scrip stood at Rs. 1674.00 and Rs. 1406.45 respectively. The current market cap of the company is Rs. 39502.10 crore.

The promoters holding in the company stood at 58.43%, while Institutions and Non-Institutions held 32.94% and 8.63% respectively.

Godrej Properties is targeting at least 27 percent growth in its sales bookings this fiscal year to cross the Rs 10,000 crore mark as it plans to launch many projects across major cities to encash on a ‘decisive uptrend’ in housing demand.

The company's performance in the fourth quarter, as well as the entire last fiscal, was very impressive as it achieved record sales bookings and collections from customers. The company is aiming to perform better on key operational and financial metrics.

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.

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