MoneyWorks4Me

Godrej Properties gains on entering into an agreement with Shubh Properties

25 Jun 2013 Evaluate

Godrej Properties is currently trading at Rs. 512.00, up by 9.70 points or 1.93% from its previous closing of Rs. 502.30 on the BSE.

The scrip opened at Rs. 506.00 and has touched a high and low of Rs. 512.00 and Rs. 502.00 respectively.

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.

The current market cap of the company is Rs. 3,995.00 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 along with its subsidiary Godrej Projects Development (GPDPL) has entered into an agreement with Shubh Properties Co-operative U. A, and others, to transfer 49% of the equity share capital held by GPDPL in its subsidiary Godrej Redevelopers (Mumbai) for its project at Sahakar Nagar II, Chembur.

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.

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