India's Godrej Properties set for best day in four weeks on Q1 profit surge

Godrej Properties

31/07/2024 08:05

** Shares of Godrej Properties  GODR.NS  jump 2.8% to 3,271
rupees, set for best day in four weeks
    ** The real estate developer reports four-fold surge in Q1
net profit
    ** Total income rises 34%, helped by a gain on the sale of
its stake in Godrej Green Homes
    ** Trading vol 2.6x the 30-day avg
    ** Analysts avg rating on GODR is "hold", median PT is 3,035
rupees, less than current price --LSEG data
    ** Stock has surged 62% this year

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))