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Godrej Properties Shows an Upward Trend of 20 Percentage

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One of the leading MNC’s in India, Godrej subsidiary known as Godrej Properties have shown an upward trend to 21% after listing at 6.05 percent premium on its debut on Tuesday, it is the first thing which is done by property firm over two years.
According to the website, www.propertykhazana.com, they have raised about approx INR $200 by means of Initial Public Offering of approx 9.6 million shares, which has been introduced approx four to five times. The company has fixed its price at its lowest ebb at approx INR 491-531 Crores. The shares touched an all four to five times. The company has fixed its price at its lowest ebb at approx INR 491-531 Crores. The shares touched an all a vital role in this regard. This is one of the better placed markets in the property segment, is the statement said by the Senior VP of Kim Eng Securities.
The firm had an impressive debut after continuous flip-flops. The players like Adani Power and NHPC another power packed firm, JSW Energy has closed at a small premium on its market debut. As per the conversation with www.propertykhazana.com, Senior VP informed that the stock is very expensive at various levels, and 59 times the price earnings ratio for the financial year 2010 and the book value has increased four times.
Godrej properties have got the plans to use the returns from the Initial Public Offer for new undertakings, repayment of debts and stress on the joint development of the projects. The firm will benefit in a big way in the affordable housing sector. “The perception is that the affordable housing will rise and we are committed to provide this to our esteemed customers”, according to the Chairman of Godrej Group. For more interesting updates logon to www.propertykhazana.com.
Source: NBTVLIVE

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