The stock has had a great run, but there are regulatory and growth concerns

It’s time for investors who had earlier taken exposure to the stock of Godrej Properties Limited (GPL) to book profits. At the current market price of ₹657 per share, the stock has almost doubled since our recommendation in January 2017 at a price of ₹331. GPL has always traded at a premium to peers, given its growth potential, strong brand as well as management quality. However, at the current ...