Share price of Godrej Properties falls as Sensex drops 97.58 points

Share price of Godrej Properties Ltd. dropped 1.94 per cent to Rs 1208.65 at 01:58PM (IST) in Thursday's trade. The scrip hit a high of Rs 1245.0 and low of Rs 1202.0 so far during the session. The stock had closed at Rs 1232.6 in the previous session.

The counter had a total traded volume of 01:58PM shares so far with a turnover of Rs 1.41 crore on BSE. The stock traded at a price-to-earnings multiple of 83.84 and a price-to-book ratio of 5.36.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Promotor/FII Holding
Promoters held 58.48 per cent stake in the company as of 30-Sep-2022, while FIIs and domestic institutional investors ownership stood at 29.94 per cent and 4.54 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 369.2 crore for the quarter ended 30-Sep-2022, down 13.41 per cent from the previous quarter's Rs 426.4 crore and down 10.47 per cent from the year-ago quarter's Rs 334.22 crore.

Its profit for the latest quarter stood at Rs 54.96 crore, up 53.86 per cent from the same quarter a year ago.