Godrej Properties advances after large bulk deal

Godrej Properties rose 2.26% to Rs 321.95 at 10:51 IST on BSE after a bulk deal of 25.19 lakh shares was executed on the scrip at Rs 320 per share at 09:21 IST on BSE today, 24 September 2015.

On BSE, so far 25.62 lakh shares were traded in the counter as against average daily volume of 45,062 shares in the past one quarter.

The stock hit a high of Rs 329 and a low of Rs 316.95 so far during the day. The stock had hit a 52-week high of Rs 360 on 20 August 2015. The stock had hit a 52-week low of Rs 220.10 on 17 October 2014.

The stock had outperformed the market over the past one month till 23 September 2015, rising 1.89% compared with Sensex's 5.64% fall. The stock had also outperformed the market in past one quarter, surging 25.54% as against Sensex's 7.13% fall.

The mid-cap realty firm has equity capital of Rs 99.76 crore. Face value per share is Rs 5.

Godrej Properties ' consolidated net profit rose 20.6% to Rs 55.03 crore on 27.4% fall in total income to Rs 263.32 crore in Q1 June 2015 over Q1 June 2014.

Godrej Properties is into real estate development.