Godrej Properties jumps on entering into joint venture with Neelkamal Realtors Tower
Godrej Properties is currently trading at Rs. 1224.30, up by 17.75 points or 1.47% from its previous closing of Rs. 1206.55 on the BSE.
The scrip opened at Rs. 1223.95 and has touched a high and low of Rs. 1235.75 and Rs. 1209.80 respectively. So far 7143 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2012.70 on 18-Jan-2022 and a 52 week low of Rs. 1130.20 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1299.65 and Rs. 1167.00 respectively. The current market cap of the company is Rs. 34057.57 crore.
The promoters holding in the company stood at 58.48%, while Institutions and Non-Institutions held 32.04% and 9.48% respectively.
Godrej Properties has entered into a joint venture with Neelkamal Realtors Tower (NRTPL) for development of property situated at Cadastral Survey No. 1906 of Byculla Division, E-Ward. The project is being developed by the Company through a Special Purpose Vehicle, viz, Godrej Residency (GRPL), wherein the Company will hold 50.01% and the balance 49.99% will be held by NRTPL.
Godrej Properties is a realty firm of Godrej group and it is one of the leading real estate development companies in India based in Mumbai, Maharashtra. Currently, their business focuses on residential, commercial and township developments.
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