Espresso shot of the day – Godrej Properties Ltd up by 13.03 percent

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Espresso shot of the day – Godrej Properties Ltd up by 13.03 percent

September 22, 2021
Espresso shot of the day – Godrej Properties Ltd up by 13.03 percent

GODREJ PROPERTIES LTD 1950.10 (+13.03 %) BSE – INE484J01027 | 22ND SEPTEMBER 2021


The Godrej Group comprises of a varied business portfolio that includes Real Estate development, Fast Moving Consumer Goods, Advanced Engineering, Home Appliances, Furniture, Security and Agri-Care. While a large number of their businesses are privately held, the combined market cap of their publicly listed entities is in excess of USD 15 billion. Ranked as the 2nd most trusted Indian brand, an annual revenue of USD 5 billion and an estimated 1.1 billion customers across the world that use one or another Godrej product every day, the Godrej Group is amongst India's most diversified and trusted conglomerates. The Godrej Group was established in 1897 out of a desire to demonstrate economic self-sufficiency and excellence within India in the pre-independence decades. From safes that withstood fires better than international competitors', to one of the world's first soaps from vegetable oil and the ballot boxes for independent India's first general election, the group has a proud tradition of making meaningful products and building businesses that serve the country's interests. They have always focused on people and the planet along with profits. Approximately 23% of the promoter stake in the Godrej Group is owned by philanthropic trusts that work on environmental, educational and healthcare issues in India. They are also bringing together their passion and purpose to make a difference through their Good & Green strategy of shared values to create a more employable Indian workforce, build a greener India and innovate for 'Good' and 'Green' products.

Recent Drivers

  • On Sept 22, 2021, Godrej Properties achieves sales of Rs 575 crores in a single day at the launch of the second phase of its project Godrej Woods in Noida. Godgrej Properties received an overwhelming customer response to its unique forest-themed phase named Evergreen, taking total sales in the project in the past 6 months to approximately Rs 1,140 crores.
  • On Sept 6, 2021, the Godrej Properties Limited Employees Stock Grant Scheme, 2011, has exercised 13,851 stock grants equivalent to 13,851 equity shares of face value of Rs 5 each of the company during the exercise period.
  • On Aug 5, 2021, Godrej Properties reported quarterly net profit at Rs 17.01 crores in June 2021, up 184.08% from Rs 20.23 crores in June 2020.
  • On Aug 5, 2021, Godrej Properties reported net sales at Rs 86.16 crores in June 2021, up 19.19% from Rs. 72.29 crores in June 2020.
(Sources: Livemint, Moneycontrol, BSEIndia)


Technical Force*

  • S&P BSE 200 month till date gain up by 0.22%
  • Traded on all-time-high value: 1973.2
  • 3 months avg. NSE volume: 9,46,081
  • Quantity traded: 2,72,326 | Deliverable quantity: 57,579 (21.14%)
  • Stock price has jumped more than 135% from one-year-low level: 821.05 (Sept 22, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 1,973.2 | 52-week-low: 821.05

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

2690.85

2068.75

1750.15

1128.05

809.45

187.35

-

    -

Fibonacci Pivot

2068.75

1709.40

1487.40

1344.41

1128.05

911.69

768.70

546.70

187.35


Today’s Close

1950.10

SMA

BSE

10 DAY

1661.26

20 DAY

1594.86

50 DAY

1569.45

200 DAY

1427.38


Some Key Ratios (Source: BSE)

Market Cap: 54,210.31 crores

PE: 4888.62

OPM%: 459.58

ROE%: 0.11

Promoters holding%: 58.43

Prev. Close: 1725.25

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.