Godrej Properties jumps 5% on upbeat sales in Bengaluru; stock at new high

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Godrej Properties jumps 5% on upbeat sales in Bengaluru; stock at new high - Business Standard

Quick Summary:

The company announced that it has sold over 2,000 homes worth over Rs 3,150 crore in its project, Godrej Woodscapes, located in Whitefield-Budigere Cross, Bengaluru.

GPL derives significant synergies from its association with the Godrej brand, as is reflected in the robust saleability of its projects, all of which share the group’s brand name.

CRISIL Ratings believes strong management and association with the Godrej group will remain key rating drivers, the rating agency said in its rationale note.