India's Godrej Properties climbs; co posts strong Q4 update

Godrej Properties

08/04/2025 06:53

** Shares of Godrej Properties GODR.NS rise as much as 6.5% to 2,052.95 rupees amid a broad market .NSEI rebound

** Nifty up 1%; the benchmark had fallen 6.8% on Monday

** Real estate developer says its Q4 FY25 booking value grew 87% Q/Q and 7% Y/Y to 101.63 bln rupees ($1.2 bln)

** Adds, this is its highest ever quarterly booking value

** FY25 booking value grew 31% Y/Y to 294.44 bln rupees - GODR

** GODR among top pct gainers on Nifty Realty <.NIFTYREAL> index, which is up 1.8%

** Avg rating of 18 analysts is equivalent of "buy", median PT is 3,300 rupees - LSEG data

** YTD, GODR down 29.4% vs 24.8% fall by Nifty Realty

($1 = 85.8925 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

((ashish.chandra@thomsonreuters.com (+91 7982114624)))