Godrej Properties rose 0.61% to Rs 240.40 at 12:56 IST on BSE in volatile trade after 1.05% stake of the realty firm changed hands in a bulk deal on BSE today, 24 September 2014.
A bulk deal of 21 lakh shares was executed on the Godrej Properties counter at Rs 240 per share in opening trade on BSE today, 24 September 2014.
Meanwhile, the BSE Sensex was down 20.14 points, or 0.08%, to 26,755.55
Bulk deal boosted volume on the Godrej Properties counter. On BSE, so far 21.72 lakh shares were traded in the counter, compared with an average volume of 72,666 shares in the past one quarter.
The stock was volatile. The stock gained as much as 4.33% at the day's high of Rs 249.30 so far during the day. The stock fell as much as 1.23% at the day's low of Rs 236 so far during the day. The stock hit a 52-week high of Rs 262 on 9 June 2014. The stock hit a record low of Rs 153.90 on 30 January 2014.
The stock had outperformed the market over the past one month till 23 September 2014, rising 7.13% compared with 1.35% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, gaining 3.04% as against Sensex's 6.97% rise.
The mid-cap company has an equity capital of Rs 99.67 crore. Face value per share is Rs 5.
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On a consolidated basis, Godrej Properties' net profit rose 15.6% to Rs 45.62 crore on 48.6% rise in total income to Rs 362.94 crore in Q1 June 2014 over Q1 June 2013.
Godrej Properties is into real estate development. It is currently developing residential, commercial and township projects spread across 8.83 million square meters (95 million square feet) in 12 cities.
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