Godrej Properties Inventory Worth: Brokerage ICICI Securities are bullish on the inventory of actual property firm Godrej Properties (GPL). Brokerage is anticipating the inventory to rise as much as 27 p.c additional. ICICI Securities have given a goal worth of Rs 2515 per share with ‘bye’ ranking for the inventory. That is 27 p.c larger than the shutdown of the inventory on BSE of April 9 from Rs 1973.80. Brokerage has stated in its analysis report that GPL has recorded robust product sales reserving of seven.5 MSF (million sq ft) within the January-March 2025 quarter on account of a number of new launch throughout India. Its complete worth is Rs 101.6 billion. Godrej Properties have instructed the inventory markets that the corporate’s gross sales reserving (pre-cells) elevated by 31 p.c to Rs 29,444 crore in the whole monetary 12 months 2024-25. Steering was Rs 270 billion rupees. The corporate is worked up by this. In keeping with ICICI Securities, Cagr of 55% gross sales reserving in FY22-25 stays necessary in FY25-27 in robust working money surplus. ICICI Securities have retained their gross sales reserving estimates of Rs 305 billion for FY26E and Rs 312 billion for FY27E because of the robust launch pipeline of GPL. In keeping with the information of the Godrej Properties, the share of Godrej Properties in response to the newsbacks, in response to the information, the shares of Godrej Protestees have been round 3 within the final 3. About 21 p.c has come down in months. The worth is 8 p.c damaged in per week. In view of the decline within the inventory and different components, ICICI Securities have upgraded the ranking for the inventory to ‘maintain’. Nonetheless, the goal worth has been lowered to Rs 2,515 per share, which was earlier Rs 2,842 per share. Diggge Fund Supervisor Sameer Arora purchased which new shares in March, elevated funding through which funding; Who offered? The market cap of Godrej Properties is Rs 59,400 crore. The corporate had a 46.50 p.c stake within the firm until the tip of December 2024. The corporate is without doubt one of the nation’s legendary actual property builders. It has a powerful presence in Delhi-NCR, Mumbai Metropolitan Area, Pune and Bangalore Residential Markets. The corporate has just lately stepped into Hyderabad. Disclaimer: The recommendation or thought specialists/brokerage corporations given on Moneycontrol.com have their very own private views. The web site or administration just isn’t accountable for this. Moneycontrol advises to customers that all the time search the recommendation of licensed specialists earlier than taking any funding choice.
