HSBC has maintained its buy rating on Godrej Properties with a share price target of ₹3,700, indicating a 25% upside from the current market price (CMP). The company expects its upcoming fundraise to accelerate growth beyond 20% year-on-year in the medium term. Q2 saw sustained momentum, and HSBC anticipates an upcycle driven by strong margins and higher-than-expected bookings.
The company’s project completions are also expected to generate reported profits, adding to the positive outlook.
Currently, Godrej Properties’ stock is trading at ₹2,960.10.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult with a qualified financial advisor before making any investment decisions.
