Share price of Godrej Properties falls as Sensex drops 339.68 points

The share price of Godrej Properties Ltd. dropped 0.51 per cent to Rs 1075.35 at 12:35PM (IST) in Monday's trade. The scrip has hit a high of Rs 1078.55 and low of Rs 1061.65 so far during the session. The stock had closed at Rs 1080.85 in the previous session.

The counter has had a total traded volume of 16752 shares so far with a value of Rs 1.79 crore on the NSE. It traded at a price-to-earnings multiple of 71.21 and a price-to-book ratio of 5.36.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip declined 26.91 per cent during the past one year, while the 30-share index advanced 5.84 per cent during the same period.

Godrej Properties Ltd. belongs to the Real Estate industry.

Promotor/FII Holding
Promoters held 58.42 per cent stake in the company as of 31-Dec-2022, while foreign investors and domestic institutional investors ownership stood at 27.41 per cent and 2.61 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 404.58 crore for the quarter ended 31-Dec-2022, up 9.58 per cent from the previous quarter's Rs 369.2 crore and up 13.35 per cent from the year-ago quarter's Rs 466.91 crore.

Profit for the latest quarter stood at Rs 58.74 crore, up 50.81 per cent from the same quarter a year ago.