Business News›Wealth›Invest›Godrej Properties' long-term prospects remain bright: Why it is this week's stock pick
Godrej Properties' long-term prospects remain bright: Why it is this week's stock pick
Synopsis
Godrej properties has a strong brand value and robust business development capabilities. Its plans to expand to tier-2 cities and a launch pipeline of 21.4 million square feet for 2022-23 are the other factors that have made the company a favourite of analysts.
Helped by strong housing demand and new business development opportunities, Godrej Properties reported a good set of numbers for the fourth quarter of 2021-22. The consolidated reported net sales and net profits of Rs.1,331 crore and Rs.260 crore respectively was 213% and 134% higher than the consensus estimate of analysts compiled by Bloomberg. It recorded the highest ever quarterly sales bookings of Rs.3,250 crore in the fourth quarter of
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