Godrej Properties is gaining significant ground in positive territory on Wednesday after the company said that it has sold over 1000 apartments across three new project launches.
The stock opened at Rs 512.90, about 1.5% up from its previous close, and swiftly soared to Rs 585.05, gaining almost 16%. It pared some gains subsequently, but still remains high up in positive territory at Rs 556, with a handsome gain of 10.1%.
On BSE, the Godrej Properties counter has clocked a volume of over 9.1 lakh shares so far in the session, almost 18 times the average daily volume of 54,000 shares that the counter witnessed in the last two weeks.
On the National Stock Exchange, Godrej Properties tops the chart, clocking a turnover of Rs 343 crore on a volume of nearly 6.1 million shares.
The projects are Godrej Origins at The Trees in Mumbai, The Suites at Godrej Golf Links in Greater Noida and Godrej 24 at Hinjawadi, Pune.
While the project at Godrej Origins in Mumbai saw sales of 130 apartments within the first week of launch, the Suites project at Godrej Golf Links at Greater Noida saw sales of about 500 products within the first month of its launch. The Godrej 24 project at Pune saw sales of over 400 apartments within the launch weekend.
