Godrej Properties' stock is currently trading at Rs. 3187.05, marking an increase of 6.25 points or 0.20% from its previous close of Rs. 3180.80 on the BSE.

The stock opened at Rs. 3214.40 and fluctuated between a high of Rs. 3214.40 and a low of Rs. 3159.00. A total of 4244 shares have been traded so far.

This BSE 'A' group stock, with a face value of Rs. 5, reached its 52-week high of Rs. 3400.00 on July 16, 2024, and its 52-week low of Rs. 1496.40 on August 14, 2023.

Over the past week, the stock's high and low stood at Rs. 3214.40 and Rs. 3061.45, respectively. The company currently has a market capitalization of Rs. 88533.34 crore.

Promoters hold 58.48% of the company, while institutional and non-institutional investors hold 35.54% and 5.98%, respectively.

Godrej Properties has acquired a 46-acre land parcel in Indore, intended primarily for plotted residential units with an estimated saleable area of around 1.16 million square feet.

The land is strategically located off Indore-Ujjain Road, an emerging corridor set to be expanded into a 6-lane highway, making it a significant residential and commercial area in Indore. The location offers excellent connectivity to key landmarks such as Indore International Airport, Indore Junction railway station, educational institutions, and healthcare facilities.

The expansion of Metro lines, growth in the corporate and IT sectors, and ongoing infrastructure developments have further boosted the residential real estate market in Indore.

Godrej Properties, a leading real estate development company from the Godrej Group based in Mumbai, Maharashtra, focuses on residential, commercial, and township developments.