Godrej Properties shares up 0.5% as Nifty drops

NEW DELHI: Shares of . traded 0.5 per cent up in Monday's trade at 11:17AM (IST). Around 2,720 shares changed hands on the counter.

The counter opened at Rs 1247.95 and touched an intraday high and low of Rs 1255.0 and Rs 1245.1, respectively, in the session so far. The stock of Godrej Properties Ltd. quoted a 52-week high of Rs 2012.7 and a 52-week low of Rs 1130.2.

As per BSE, the total market cap of the Godrej Properties Ltd. stood at Rs 34760.96 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 369.2 crore for the quarter ended 30-Sep-2022, down 13.41 per cent from previous quarter's Rs 426.4 crore and down 10.47 per cent from the year-ago quarter's Rs 334.22 crore.

The net profit for latest quarter stood at Rs 54.96 crore, up 53.86 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Sep-2022, DIIs held 2.71 per cent stake in the company, while foreign institutional investors held 27.73 per cent and the promoters 58.37 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 86.92 and a price-to-book ratio of 5.36. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Godrej Properties Ltd. belongs to the Real Estate industry.