Godrej Properties shares down 0.52% as Sensex falls

Shares of Godrej Properties Ltd. fell 0.52 per cent to Rs 1207.2 in Thursday's session as of 01:17PM (IST) even as the equity benchmark Sensex traded 430.9 points lower at 60226.55.

Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 2012.7 and a 52-week low of Rs 1130.2 on NSE. Around 9482 shares changed hands on the counter till 01:17PM (IST).

The stock opened at Rs 1215.2 and has touched an intraday high and low of Rs 1219.0 and Rs 1204.0 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 83.9, earnings per share (EPS) of Rs 14.38 and price to book value (PB) of 5.36, while the return on equity (ROE) stood at Rs 4.06.

Promoter/ FII Holding
The promoters held 58.48 per cent stake in the company as of January 05, while FII and MF ownerships stood at 29.94 per cent and 2.67 per cent, respectively.

Key Financials
With a market capitalisation of Rs 33554.35 crore, the company operates in the Real Estate industry. For the quarter ended 30-Sep-2022, the company reported consolidated sales of Rs 369.2 crore, down 13.41 per cent from the previous quarter?s Rs 426.4 crore and down 10.47 per cent from the same quarter a year ago. The company reported net profit of Rs 54.96 crore for the latest quarter, up 53.86 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 40.87. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.