Godrej Properties is currently trading at Rs. 565.40, up by 19.20 points or 3.52% from its previous closing of Rs. 546.20 on the BSE.
The scrip opened at Rs. 546.20 and has touched a high and low of Rs. 602.00 and Rs. 544.75 respectively. So far 28,878 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 696.00 on 14-Mar-2012 and a 52 week low of Rs. 482.00 on 02-Aug-2012.
Last one week high and low of the scrip stood at Rs. 592.00 and Rs. 533.35 respectively. The current market cap of the company is Rs. 4,412 crore.
The promoters holding in the company stood at 74.99% while Institutions and Non-Institutions held 15.53% and 9.48% respectively.
Godrej Properties has signed a partnership pact with Central Bank of India to tap its retail customer base to sell homes in the mid-to-affordable segment.
The customer of the public sector bank, under this agreement, will get loans on cheaper rate by 25-50 basis points as compared to the market lending rate if they buy homes from Godrej Properties. The company has such tie-ups with five other banks as well.
The new tie-up will cover new and existing housing projects of Godrej Properties in the Rs 30-35 lakh range in various markets across the country. At present, the company has housing projects in Mumbai, Ahmedabad, NCR, Kolkata, Nagpur, Chennai and Bangalore
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