Godrej Properties declines 0.2% as Sensex climbs

Shares of Godrej Properties Ltd. traded at Rs 1151.0 on BSE at 12:10PM (IST) on Tuesday, down 0.2 per cent from previous close.

The scrip quoted a 52-week low price of Rs 1128.45 and a high of Rs 1715.4.

Earlier, shares of the company saw a gap down opening in the morning.

A total of 3,918 lakh shares changed hands on the counter till 12:10PM (IST).

The stock of Godrej Properties Ltd. commanded a market value of Rs 32021.06 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 76.29, while the price-to-book value ratio stood at 5.36. Return on equity (ROE) was at 4.06 per cent, according to exchange data.

In the BSE500 pack, 268 stocks traded in the green, while 233 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 1.27.

Promotor/FII Holding
Promoters held 58.42 per cent in Godrej Properties Ltd. as of 31-Dec-2022 while foreign portfolio investors and domestic institutional investors owned 27.41 per cent and 2.61 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 1283.8 on February 21, while the 50-DMA was at 1215.14. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.