Multibagger Godrej Properties hits all-time high in today's trade. Know why

Godrej Properties Share Price: Godrej Properties hit an all-time high on BSE on Monday (July 1, 2024) after the large-cap real estate firm announced developing 11-acre land parcel in Hinjewadi, Pune. 

Godrej Properties shares that closed the trading session on Friday at Rs 3,207.80 each jumped by three per cent to an all-time high of Rs 3,303.85 apiece.

The stock of Godrej Properties opened at Rs 3,303.85 on Monday which was its all-time high.

Godrej Properties' new project

The real estate firm said that the development at Hinjewadi, Pune, will comprise primarily group housing and high street retail.

"The project will have a developable potential of 2.2 million square feet with an estimated revenue potential of Rs 1,800 crore," said the company.

"The land parcel is strategically located near the upcoming Megapolis Metro Station and offers good connectivity to Major IT hubs in Hinjewadi, Pune along with access to schools, hospitals, malls, restaurants, and premium hotels," it further said.

Godrej Properties share price history

Godrej Properties shares have jumped by 7.77 per cent in the one month, 59.59 per cent in the six months, and 101.94 per cent in the one year.

Benchmark Nifty 50, meanwhile, has risen by 3.47 per cent in the one month, 10.71 per cent in the six months, and 24.57 per cent in the one year.