India's Godrej Properties rises after strong third-quarter update

Godrej Properties

16/01/2026 06:36

** Shares of Godrej Properties GODR.NS rise 2% to 1,908.6 rupees

** Real estate developer says its Q3 FY26 booking value surged 55% Y/Y to 84.21 billion rupees ($929.10 million)

** Booking value rose 19% Y/Y to 341.71 billion rupees in CY25; collections expand 28% Y/Y 189.79 billion rupees - GODR

** CLSA maintains "outperform" rating and says GODR is well-positioned to exceed its FY26 presales guidance

** GODR rated "buy" on avg by 20 analysts; median PT at 2,672 rupees - data compiled by LSEG

** GODR fell 28% in 2025

($1 = 90.6360 Indian rupees)

(Reporting by Brijesh Patel in Bengaluru)

((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))