Godrej Properties share price falls after strong Results



Godrej Properties share price plunged over 3% intraday on Tuesday even after the real estate major today reported a strong net profit of Rs.30.78-Cr for the period ended Sept30, 2019 as against Rs.20.57-cr for the period ended Sept 30, 2018 (year-on-Year).

The Company’s net sales reportedly of Rs.395.11-Cr during the period ended Sept30, 2019 Vs Rs.487.07-Cr, by year-on-year.

The company has posted Earning-Per-Share (EPS) of Rs1.22 for the period ended Sept30, 2019 V/s Rs.0.90, year-on-year. Get the latest update Free stock Tips and stock Tips visit our website.

Shares of Godrej Properties was trading at Rs.963.05 as compared to the previous close of Rs.985.70 on the NSE. The stock which opened at Rs.978-per share hit an intraday high of Rs.984.30 and an intraday low of 948.20. The total traded value of shares during the day was 5,213.46 lacs and the total traded volume of shares during the day was 5,37,105.

Meantime, the Nifty Realty index slipped 0.76% to the last traded price (LTP) at 267.55. with major losses in Godrej properties by 2.20 percent at 1.15-pm. At the same time, the BSE Sensex slipped by 239 points at 40062-mark and the NSE Nifty quoted at 11,871.mark, down 70 points.

The other major losers in the Nifty Realty index were Prestige Industries, Brigade Industries, Phonix and DLF. On the other hand, Indiabulls Real estate and Obroi Realities are trading higher in the Nifty Realty index.

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