Godrej Properties’ long-term prospects remain bright: Why it is this week’s stock pick

Helped by strong housing demand and new business development opportunities, Godrej Properties reported a good set of numbers for the fourth quarter of 2021-22. The consolidated reported net sales and net profits of Rs.1,331 crore and Rs.260 crore respectively was 213% and 134% higher than the consensus estimate of analysts compiled by Bloomberg.

It recorded the highest ever quarterly sales bookings of Rs.3,250 crore in the fourth quarter of

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