Godrej Properties hits 7-week low; shares fall below QIP price of Rs 1,450

Shares of Godrej Properties (GPL) slipped 5 per cent to hit a seven-week low of Rs 1,273 on the BSE in Friday's intra-day trade, extending its decline to 17 per cent thus far in the month of March. The stock of Mumbai-based real estate developer was quoting lower for the sixth straight trading day. It has corrected 19 per cent from its 52-week high level of Rs 1,573 touched on March 1 and was currently trading at its lowest level since February 1.

With a continuous fall in the market price of the company, the stock is currently trading below its