Wednesday, 23 December 2015

Godrej Properties stock flat; Godrej Industries sells over 2% stake in Company

Godrej Industries has sold 40.05 lakh shares in three tranches on December 18 and 21 at Rs 330 per share


Godrej Properties
Godrej Industries has sold over 2% stake in Godrej Properties in open market for Rs. 132.18 crore, according to reports.

Report says that Godrej Industries has sold a total of 40.05 lakh shares in three tranches on December 18 and 21 at Rs 330 per share.

Godrej Properties is currently trading at Rs. 342.85, up by Rs. 1.35 or 0.4% from its previous closing of Rs. 341.5 on the BSE.

The scrip opened at Rs. 343 and has touched a high and low of Rs. 346.4 and Rs. 342.3 respectively. So far 60806(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 6813.42 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 374.5 on 20-Oct-2015 and a 52 week low of Rs. 231.55 on 30-Apr-2015. Last one week high and low of the scrip stood at Rs. 348 and Rs. 325.5 respectively.

The promoters holding in the company stood at 74.86 % while Institutions and Non-Institutions held 10.01 % and 15.13 % respectively.

The stock is currently trading below its 50 DMA.

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