Godrej Properties is currently trading at Rs. 625.35, up by 11.30 points or 1.84% from its previous closing of Rs. 614.05 on the BSE.
The scrip opened at Rs. 620.00 and has touched a high and low of Rs. 629.90 and Rs. 620.00 respectively. So far 2652 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 689.00 on 07-Dec-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. 632.00 and Rs. 599.00 respectively. The current market cap of the company is Rs. 4885.30 crore.
The promoters holding in the company stood at 74.99% while Institutions and Non-Institutions held 17.04% and 7.97% respectively.
Godrej Properties is planning to launch its right issue for which the board of directors will meet on May 09, 2013 to consider the issue of equity shares to existing shareholders on a rights basis.
The company had launched its Initial Public Offer (IPO) in December 2009 to raise Rs 468 crore. It had also raised Rs 470 crore last year through Institutional Placement Programme (IPP). The promoters have 74.99% stake in the company as on March 31, 2013.
Godrej Properties is a realty firm of Godrej group, promoted by Godrej Industries and Godrej & Boyce Manufacturing Company. It is one of the leading real estate development companies in India based in Mumbai, Maharashtra. It is currently developing residential, commercial and township projects spread across 82 million square feet in 12 cities.
