Godrej Properties shares up 1.04% as Nifty drops

NEW DELHI: Shares of Godrej Properties Ltd. traded 1.04 per cent up in Tuesday's trade at 10:30AM (IST). Around 17,845 shares changed hands on the counter.

The stock opened at Rs 1271.4 and touched an intraday high and low of Rs 1301.0 and Rs 1271.4, respectively, in the session so far. Shares of the company of Godrej Properties Ltd. quoted a 52-week high of Rs 1674.0 and a 52-week low of Rs 1005.7.

As per BSE, the total market cap of the Godrej Properties Ltd. stood at Rs 35975.97 crore at the time of writing this report.

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

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

Shareholding pattern
As of 31-Mar-2023, DIIs held 2.72 per cent stake in the firm, while foreign institutional investors held 27.09 per cent and the promoters 58.42 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 85.71 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.