Godrej Properties Share Price Target Forecast 2022, 2023, 2025, 2030

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07 January, 2022

Kotak Securities recommends Godrej Properties with a target price of Rs 1960.

Godrej Properties Ltd. got a buy call from Kotak Securities with a target price of Rs 1960. Godrej Properties Ltd. is now trading at Rs 1903.9 on the stock market. When Godrej Properties Ltd. price may achieve set objective, time period given by analyst is Intra Day.

Godrej Properties Ltd., founded in 1985, is a Large Cap business in the Real Estate industry with a market capitalization of Rs 52916.28 crore.

For the fiscal year ending 31-Mar-2021, Godrej Properties Ltd.’s primary products/revenue segments are Income From Real Estate Development, Sale of Services, Other Operating Revenue, and Lease Rentals.

Financials

The firm reported a Consolidated Total Income of Rs 334.22 Crore for the quarter ended September 30, 2021, up 27.57 percent from the previous quarter’s Total Income of Rs 261.99 Crore and up 33.57 percent from the same quarter last year’s Total Income of Rs 250.23 Crore. In the most recent quarter, the company generated a net profit after tax of Rs 79.79 crore.

Reasons for Investing

The stock is gradually rising, with higher highs and higher lows signalling an uptrend.

FII Holdings/Promoter

As of September 30, 2021, promoters owned 58.43% of the firm, followed by FIIs with 31.36 percent and DIIs with 2.99 percent.

economictimes.com is the source for this information.


06 December, 2021

Why did Sanjiv Bhasin recommend Godrej Properties as a buy? | Find out about stop-loss, target, and more.

Godrej Properties

Bhasin suggested Godrej Property as the second stock in which investing money would be advantageous on the broadcast. “Godrej Property is seeing unprecedented sales in Maharashtra and Gurgaon,” he added. “The current market price is between Rs. 1970-1975,” he continued. The target price is Rs. 2075, with a stop loss of Rs. 1940.”

zeebiz.com is the source for this information.


November 08, 2021

Anand Rathi recommends Godrej Properties with a target price of Rs 2550.

Godrej Properties gets a buy call from Anand Rathi with a target price of Rs 2550. Godrej Properties Ltd. is currently trading at Rs 2436.1.

Godrej Properties Ltd., founded in 1985, is a Large Cap business in the Real Estate industry with a market capitalization of Rs 67980.42 crore.

For the fiscal year ending 31-Mar-2021, Godrej Properties Ltd.’s primary products/revenue segments are Income From Real Estate Development, Sale of Services, Other Operating Revenue, and Lease Rentals.

Financials

The firm reported a Consolidated Total Income of Rs 334.22 Crore for the quarter ended September 30, 2021, up 27.57 percent from the previous quarter’s Total Income of Rs 261.99 Crore and up 33.57 percent from the same quarter last year’s Total Income of Rs 250.23 Crore. In the most recent quarter, the company generated a net profit after tax of Rs 79.79 crore.

Reasons for Investing

Near 2200, the stock has formed a triple bottom, indicating that it is now ready for further gains.

FII Holdings/Promoter

As of September 30, 2021, promoters owned 58.43% of the firm, followed by FIIs with 31.36 percent and DIIs with 2.99 percent.

economictimes.com is the source for this information.


29 September 2021

The stock of Godrej Properties has risen by 8%, setting a new high. What’s causing the uptick?

Godrej Properties’ stock hit a new all-time high of Rs 2,409.95 a share on the BSE on Wednesday, after surging by around 8% in intraday trade. The Mumbai-based real estate firm’s shares have surpassed their previous high of Rs 2,328.95 per share, set on September 27, 2021.

The optimistic news that the business will create a residential property in Wadala, Mumbai, has fueled the stock’s rise. “The company has entered into a deal to renovate a land piece in the upmarket suburb of Wadala, Mumbai,” it said in a report to exchanges.

“This project will provide roughly 15 million sq. mts. (approximately 1.6 million square feet) of saleable space spread across 7.5 acres, consisting mostly of residential flats of various configurations,” Godrej Properties stated in a filing.

According to Mohit Malhotra, MD & CEO of Godrej Properties, “This represents our foray into a key micro market within Mumbai and falls into our current strategy of adding big projects throughout the country’s top real estate areas.”

In the previous five sessions, the counter has gained about 22%. While the S&P BSE Sensex has gained 5.6 percent in the last month, it has gained more than 61 percent.

The stock is also one of the top gainers on the BSE Realty index, which is up 3% on the BSE intraday today to 4117.88. DLF is gaining ground with Godrej Properties, Oberoi Realty, and Mahindra Life.

According to Jefferies, a worldwide brokerage business, property developers provide the strongest risk-reward, and “our belief on the housing cycle is now strengthening with the pick-up in volume and pricing.”

Developers benefit from improved industry growth and market share increases for listed businesses, according to the report, and a potential price increase allows room for NAV improvements.

zeebiz.com is the source for this information.


22 September 2021

Jefferies reiterates its ‘buy’ recommendation on Godrej Properties, with a target price of Rs 1,974.

New launches at Godrej Properties (GPL) increased in the second quarter, resulting in a substantial quarter-over-quarter (QoQ) sales increase. Although there has been no word on the capital deployment, competition for major projects is still minimal, and GPL’s financing capability is among the finest.

We believe GPL’s strong position (Top-4 in Bangalore, Pune, and NCR) will give it a leg up on the housing cycle. With a target price of Rs 1,974, we reaffirm our Buy recommendation.

GPL’s new launches (6.9 million square feet) have lagged behind sales (11.6 million square feet), resulting in exhausted inventories and decreased sales in Q1. The management had planned to resume fresh releases in Q2. According to our channel checks, GPL’s launch momentum has stepped up in Q2, with fresh launches in each of the four important micro-markets.

According to our research, the projects released include Ananda in Bangalore (0.7 million square feet); Hill-Retreat in Pune (0.5 million square feet); Woods Phase-2 in Noida (0.8 million square feet); and new tower launches in City, Panvel, and other areas.

With July sales of Rs 490 crore (98 percent of Q1) and hopes of a robust Q2, GPL has already highlighted improving sales momentum. We feel that when fresh releases come in, the momentum from July will likely continue.
Overall, GPL has a 13.3 million square foot new launch pipeline for FY22, and if 8-10 million square feet of that is launched (60-75 percent of target), pre-sales may be in the double digits. Demand is robust across markets, so new product introductions are expected to sell out quickly.

Strong rankings in major cities offer a boost to the upswing. The current optimism over the tech/startup boom (link) fueling house purchases in tech-driven areas; or our conviction (link) that NCR is one of the best-positioned markets cyclically may all be played through GPL.

financialexpress.com is the source for this information.


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