Bank of America (BOFA) has maintained its Neutral stance on Godrej Properties, setting a target price of Rs 3,500. The company has shown a robust uptick in cash metrics for Q2, with a fair valuation that aligns with market expectations.
Key highlights include a favorable sales trajectory compared to the sector, as well as a positive outlook for the second half of the fiscal year. The pricing trends in NCR and Bangalore are expected to further bolster the company’s performance in the coming quarters.
With a current market price (CMP) of Rs 2,850, Godrej Properties remains a strong player in the real estate sector, and investors are keen on monitoring its developments as the market unfolds.
Disclaimer: The information provided is for informational purposes only and should not be considered investment advice. Always consult a financial advisor before making any investment decisions.
