Higher number of project launches, new deals positive for Godrej Properties

The gains for Godrej Properties are from new launches, are however, is factored into the price.

The stock of the country’s third largest listed real estate major, Godrej Properties (GPL) is up by 15 per cent since its lows last month. Expectations of a record March quarter, land acquisitions and strong pipeline of launches led to the gains. But despite the stock recovery, investors are sitting on losses; the stock had shed about 45 per cent from its highs in October last year to its lows in March.

Weak trend of pre-sales or bookings, lack of significant new launches over the last 7 quarters due to delay in regulatory approvals, muted quarterly results trend and valuations