The stock of Godrej Properties trimmed most of its early gains and closed on a mixed note on Wednesday.
Among sectoral indices, the Nifty Metal index remained the star performer today, closing 1.8 per cent higher, followed closely by the Nifty IT index (up 1.6 per cent).
AU Small Fin Bank launched its QIP on March 9 and fixed the floor price at Rs 1,181.06 per share
Godrej Properties had sought shareholders' approval through a postal ballot
Realty firm Godrej Properties on Monday said the company's shareholders have approved the company's proposal to raise up to Rs 3,750 crore through issue of securities.
Spread over nearly 1.5 acres, this project will offer approximately 400,000 square feet of development potential
Realty firm Godrej Properties Ltd has bought around 1.5 acre land parcels for Rs 166 crore in Mumbai to develop a residential project
Godrej Properties, part of Godrej Group, has lined up 12 launches in Mumbai, the National Capital Region, and Bengaluru
It is challenging, but the team is doing very well and these launches are in different cities, said Godrej
Looks to raise Rs 3,750 crore; board has cleared proposal for fundraise
Analysts, however, suggest investors remain selective on realty stocks and buy only where there is revenue visibility and a credible promoter backing
Godrej Properties will launch 12 housing projects during this quarter to expand business as it targets to clock record sales bookings this fiscal year
The current quarter witnessed a total booking value growth of 25 per cent to Rs 1,488 crore
During April-December period of the 2020-21 financial year, Godrej Properties clocked a net profit of Rs 2.19 crore, registering a sharp drop from Rs 168.13 crore in the year-ago period
The volume in Colgate Palmolive stock was higher than average on January 11 which supports the price action and we can expect the upside momentum to continue
However, developers peg the benefit at 6 to 7 per cent after passing on stamp duty costs to buyers
The Maharashtra government has slashed premiums and levies charged on construction by 50 per cent, till December 31
Sobha, Indiabulls Real Estate, Sunteck Realty, Oberoi Realty and Godrej Properties surged between 5 per cent and 7 per cent on the BSE.
Although residential sales faced a majot set back in Q2, they made a comeback with help of pent up demand
Muted near term cash flows, increase in debt and valuations to cap upside