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Godrej Properties gains after its sales bookings rise 77% in April-December period

06 Feb 2023 Evaluate

Godrej Properties is currently trading at Rs. 1155.40, up by 5.20 points or 0.45% from its previous closing of Rs. 1150.20 on the BSE.

The scrip opened at Rs. 1140.05 and has touched a high and low of Rs. 1157.45 and Rs. 1137.70 respectively. So far 7451 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1715.40 on 04-Apr-2022 and a 52 week low of Rs. 1128.45 on 02-Feb-2023.

Last one week high and low of the scrip stood at Rs. 1209.15 and Rs. 1128.45 respectively. The current market cap of the company is Rs. 32018.28 crore.

The promoters holding in the company stood at 58.48%, while Institutions and Non-Institutions held 31.96% and 9.55% respectively.

Godrej Properties’ sales bookings rose 77% year-on-year to Rs 8,181 crore in the April-December period on strong housing demand, and will cross the target of Rs 10,000 crore for the full fiscal. The company's sales bookings stood at Rs 4,613 crore in the first nine months of the last financial year. Sales booking during the October-December period jumped over two-fold to Rs 3,252 crore from Rs 1,541 crore in the year-ago period.

Geographically, Godrej Properties sold properties worth Rs 2,675 crore in Delhi-NCR, Rs 2,053 crore in Mumbai Metropolitan Region (MMR), Rs 1,452 crore in Bengaluru and Rs 1,376 crore in Pune. These are the four major markets for the company.

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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DLF 623.00
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