Motilal Oswal recommended Neutral rating on Godrej Properties with a target price of Rs 1300 in its research report dated February 02, 2023.

Godrej Properties, incorporated in the year 1985, is a Large Cap company (having a market cap of Rs 33213.77 Crore) operating in Real Estate sector.

"We have done about 82% of the full year guidance we had given by the end of the third quarter. We are quite optimistic of going well past the Rs 10,000 crore annual booking guidance we had given. Exactly what the number will be will depend on the number of launches that happen and how they are received," says Pirojshah Godrej.

Promoters held 58.37 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 27.73 per cent and 2.71 per cent, respectively.

A total of 29,088 shares changed hands on the counter till 01:43PM (IST)

Nifty Infrastructure climbed six-tenth of a percent to 5,093 level at the time of writing this article, with Indian Hotels being the biggest gainer with 6 percent rally.

The stock traded at a P/E multiple of 82.06, while the price-to-book value ratio stood at 5.36.

In a regulatory filing, Godrej Properties informed that it has entered into an agreement for outright purchase of a land parcel in Khalapur - Raigad, Maharashtra.

A total of 10,768 shares changed hands on the counter till 12:51PM (IST)

A total of 7,664 shares changed hands on the counter till 12:19PM (IST).

As of 31-Dec-2022, promoters held 58.37 per cent stake in the company, while FIIs held 27.73 per cent and domestic institutional investors had 2.71 per cent.

A total of 7,795 shares changed hands on the counter till 12:36PM (IST).

A total of 4,482 shares changed hands on the counter till 11:54AM (IST)

A total of 11,856 shares changed hands on the counter till 01:17PM (IST)

A total of 1,609 shares changed hands on the counter till 12:14PM (IST).

A total of 2,720 shares changed hands on the counter till 11:17AM (IST).

On the technical charts, the RSI of the stock stood at 48.83.

The proposed project is estimated to have a developable potential of approximately 1.6 million square of saleable area, comprising primarily of residential plotted development, the company said in a statement.

A total of 15,331 shares changed hands on the counter till 12:40PM (IST).

Promoters held 58.37 per cent stake in the company as of 30-Sep-2022, while FII and DII ownership stood at 27.73 per cent and 2.71 per cent, respectively.

A total of 2,441 shares changed hands on the counter till 10:46AM (IST).

A total of 3,235 shares changed hands on the counter till 10:10AM (IST)

A total of 3,094 shares changed hands on the counter till 11:17AM (IST)

A total of 9,482 shares changed hands on the counter till 01:17PM (IST)

The company said the sales of the homes reflected increasing demand for sustainable integrated developments.

A total of 8,612 shares changed hands on the counter till time (IST).

"We were quite positive on real estate and the stocks really did not do well despite the sales. I could sense that there are two things which the market is worried about. Last year, big inflation came through in cement and all kinds of building materials which go into building a house and that would probably be the only reason of concern which I could figure out. Apart from that, the sector outlook is really healthy and it is again representative of the rich mens consumption which is really booming in India. "

A total of 7,720 shares changed hands on the counter till time (IST).

Godrej Properties Limited has informed the Exchange regarding 'Authorisation under Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015'.

On the technical charts, the RSI of the stock stood at 44.71.

A total of 8,597 shares changed hands on the counter till 10:31AM (IST)

A total of 11,727 shares changed hands on the counter till 01:58PM (IST)

Promoters held 58.37 per cent stake in the company as of 30-Sep-2022, while FII and DII ownership stood at 27.73 per cent and 2.71 per cent, respectively.

​L&T has also done very well but L&T I still believe even from the current levels can offer double digit returns because of the kind of order flows that are happening on a daily basis on the balance sheet and its valuations have not zoomed up as the other large caps.

In its regulatory filing, Godrej Properties said it has entered into an agreement for development of 14.27 acres of land in Gurugram, Haryana.

The founders of NDTV, Radhika Roy and Prannoy Roy, will transfer 27.26% of their stake in the company to Adani Group-owned RRPR Holding. Consequently, Adani Group will hold 64.71% stake in the news broadcaster.

As of 30-Sep-2022, promoters held 58.37 per cent stake in the company, while FIIs held 27.73 per cent and domestic institutional investors had 2.71 per cent.

In a regulatory filing, the company said it has "entered into an agreement for development of 14.27 acres of land in Gurugram, Haryana." The development will comprise predominantly premium residential apartments.

On the technical charts, the RSI of the stock stood at 39.73.

According to Murtuza Arsiwalla, an analyst at Kotak Securities, the three listed REITs (Real Estate Investment Trusts) offer near-term revenue growth of 15-20% between FY2022 and FY2025, aided by organic and inorganic growth. "Investors focus on improving physical occupancy and return-to-office strategies of large IT companies. We are encouraged by strong leasing activity for the industry, partially factoring in healthy dividend yields," he said.

A total of 8,992 shares changed hands on the counter till 10:51AM (IST).

The stock traded at a P/E multiple of 90.13, while the price-to-book value ratio stood at 5.36.

The stock traded at a P/E multiple of 90.62, while the price-to-book value ratio stood at 5.36.

On the technical charts, the 200-day moving average of the stock stood at Rs 1367.54.

A total of 4,936 shares changed hands on the counter till 11:52AM (IST)