Godrej Properties trades higher on acquiring land parcel to develop luxury project in Mumbai

Godrej Properties is currently trading at Rs. 1521.45, up by 13.70 points or 0.91% from its previous closing of Rs. 1507.75 on the BSE.

The scrip opened at Rs. 1508.25 and has touched a high and low of Rs. 1523.00 and Rs. 1498.80 respectively. So far 168228 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. 1130.20 on 20-Jun-2022.

nest images for elevation of godrej properties nest 18079975
nest images for elevation of godrej properties nest 18079975

Last one week high and low of the scrip stood at Rs. 1523.00 and Rs. 1397.80 respectively. The current market cap of the company is Rs. 42011.41 crore.

The promoters holding in the company stood at 58.43%, while Institutions and Non-Institutions held 32.65% and 8.92% respectively.

Godrej Properties has acquired land parcel to develop a luxury project near Carmichael Road, an upmarket residential area in Mumbai. Spread across approximately 0.5 acres, the site is located at one of India’s most prestigious and sought after residential locations. The land was purchased from the Karam Chand Thapar (KCT) group.

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.

Leave a Comment