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    Godrej Properties shares up 1.57% as Sensex rises

    Synopsis

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

    A broker reacts while trading at his computer terminal at a stock brokerage firm in MumbaiReuters
    Nifty continues to climb a wall of worry as it looks to be in the final leg of its rally before heading for a correction.
    Shares of Godrej Properties Ltd. gained 1.57 per cent to Rs 1328.25 in Wednesday's session as of 11:52AM (IST) even as the equity benchmark Sensex traded 238.67 points higher at 62771.97.

    Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 2088.85 and a 52-week low of Rs 1130.2 on NSE. Around 4936 shares changed hands on the counter till 11:52AM (IST).

    The stock opened at Rs 1303.8 and has touched an intraday high and low of Rs 1330.75 and Rs 1303.8 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 92.35, 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 December 14, 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 36935.09 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 57.84. 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.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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