Friday, November 7: Shares of Godrej Properties remained in focus today as leading brokerages maintained a bullish stance on the real estate major following strong pre-sales momentum and improving guidance for the second half of FY26.
Investec retained its Buy rating with a target price of Rs 3,400, noting that “presales stand out; deliveries and collections are set to accelerate in H2.” Axis Capital also reiterated its Buy call with a target of Rs 3,300, citing that pre-sales were in line with estimates and the company is “on track to exceed FY26E guidance.”
BofA Securities maintained a Buy with a target of Rs 3,100, highlighting “a strong focus on profitability, with H2 expected to see a catch-up on collections.” Jefferies echoed the sentiment, maintaining a Buy with a target of Rs 3,000, expecting the company’s “pre-sales strength to drive an upward revision in guidance.”
CLSA maintained an Outperform rating with a target of Rs 2,850, while Motilal Oswal Financial Services (MOSL) reaffirmed its Buy with a target of Rs 2,843, pointing out that “Godrej Properties has achieved 81% of its annual business development guidance.”
Meanwhile, ICICI Securities also retained a Buy rating with a target of Rs 2,603, citing a “healthy launch pipeline to drive sales bookings in FY26.”
As of 10:30 AM on Friday, November 7, Godrej Properties’ shares were trading 1.53% lower at Rs 2,160.10 on the NSE, compared to the previous close of Rs 2,193.70. The stock’s market capitalization stood at Rs 64,985 crore, with a 52-week range between Rs 1,900 and Rs 3,015.90 and a P/E ratio of 42.84.
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