Godrej Properties rises on incorporating wholly owned subsidiary
Godrej Properties is currently trading at Rs. 1650.25, up by 23.45 points or 1.44% from its previous closing of Rs. 1626.80 on the BSE.
The scrip opened at Rs. 1634.95 and has touched a high and low of Rs. 1656.85 and Rs. 1616.30 respectively. So far 14992 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1679.30 on 17-Jul-2023 and a 52 week low of Rs. 1005.70 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1679.30 and Rs. 1593.25 respectively. The current market cap of the company is Rs. 45830.32 crore.
The promoters holding in the company stood at 58.48%, while Institutions and Non-Institutions held 33.15% and 8.36% respectively.
Godrej Properties has incorporated a wholly owned subsidiary, viz. Godrej Real Estate Distribution Company (GREDCPL) on July 20, 2023. GREDCPL will carry out the business of real estate distribution company and provide marketing, sales and promotional services for real estate projects.
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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