Godrej Properties stock price down 1.7 per cent as Sensex slides

Shares of Godrej Properties Ltd. fell 1.7 per cent to Rs 1207.0 at 01:30PM hours (IST) on Friday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on BSE, total traded quantity on the counter stood at 30,500 shares with a turnover of Rs 3.66 crore till 01:30PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 83.95, 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. The stock hit an intraday high of Rs 1220.0 and a low of Rs 1185.05 during the session and quoted a 52-week high price of Rs 2012.7 and a 52-week low of Rs 1130.2.

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

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 1361.84 on December 23, while the 50-DMA was at Rs 1265.28. If a stock trades above 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 a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 36.0. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Sep-2022, promoters held 58.48 per cent stake in the company, while foreign institutional investors held 29.94 per cent and domestic institutional investors had 4.54 per cent.