Godrej Properties share price up 7.67 per cent

Shares of Godrej Properties Ltd. traded 7.67 per cent up at Rs 1211.6 at around 10:00AM (IST) on Monday. The stock had closed at Rs 1125.25 in the previous session. Equity benchmark Sensex traded 79.03 points higher at 59912.0 around the same time.


The scrip has declined 27.24 per cent in the last one year till date, while the 30-share index has slipped -1.15 per cent during the same period.

The stock's 52-week high price stood at Rs 1704.9 and the 52-week low price at Rs 1005.7.

Trading volume on the counter stood at 45,723 shares, while it quoted a price-to-earnings ratio of 80.13, an EPS value of 15.1 and a price-to-book value of 5.36. In the Nifty50 pack, 34 stocks traded in the green, while 16 stocks were in the red.

Promoter/FII Holding
Promoters held 58.48 per cent stake in the company as of 31-Dec-2022, while FII and MF ownership stood at 27.41 per cent and 2.61 per cent, respectively.

Key Financials
For the quarter ended 31-Dec-2022, the company reported consolidated sales of Rs 404.58 crore, 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. The company reported net profit of Rs 58.74 crore for the latest quarter.

Technical Indicators
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.