India's Godrej Properties gains; HSBC highlights growth plans

Godrej Properties

21/04/2026 07:13

** Shares of India's Godrej Properties GODR.NS jump 3.77% to 1826 rupees

** HSBC ("buy", TP: 2,800 rupees) says management expects pre-sales to grow by 20% in FY27, driven by higher volumes, pricing gains and market-share expansion

** Adds co expects to turn free cash flow positive in FY27, is considering a dividend payout

** Says co targeting 20% return on equity in FY28

** GODR rated "buy" on average by 20 analysts, median PT 2,176 rupees - data compiled by LSEG

** YTD, stock down ~9%

 (Reporting by Bipasha Dey in Bengaluru)

 ((Bipasha.Dey@thomsonreuters.com;))