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Gold price prediction by experts for 2025: Will gold rate fall or rise?

Gold price prediction by experts for 2025: Will gold rate fall or rise?

Economic Times2 days ago

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Godrej Properties shares in focus after Rs 600 crore Panipat land deal
Godrej Properties shares in focus after Rs 600 crore Panipat land deal

Economic Times

time3 hours ago

  • Economic Times

Godrej Properties shares in focus after Rs 600 crore Panipat land deal

Godrej Properties shares: The licensed land, offering a potential developable area of 3 million square feet, was acquired during a surge in developer interest in India's Tier II cities. According to two individuals familiar with the matter who spoke to The Economic Times, the transaction took place recently. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Stock performance and technical outlook Shares of Godrej Properties are set to be in focus on Monday after the real estate developer acquired a 40-acre land parcel in Panipat, Haryana, for approximately Rs 600 crore, marking its eleventh new project announcement in licensed land, with a potential developable area of 3 million square feet, was acquired amid a wave of renewed developer interest in India's Tier II cities . Two people aware of the matter told The Economic Times about the transaction. CBRE, which advised on the deal, declined to latest move underscores Godrej Properties ' broader strategy to tap into the evolving real estate demand in emerging urban Properties' latest acquisition reflects the growing appeal of Tier II cities, which are seeing increased traction from developers, corporates, financial institutions and investors. The surge in interest is being driven by the relatively low cost of land, ongoing infrastructure development, and robust housing demand. This has resulted in a rise in premium and luxury housing projects, both from established players and new entrants, as these cities emerge as the next hubs of growth and employment in company has been particularly active in Haryana. In October 2024, the company emerged as the highest bidder for a luxury group housing plot on Golf Course Road in Gurugram with a revenue potential of Rs 5,500 crore. The acquisition was made via an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP). Earlier in FY24, the company had also acquired two parcels measuring 5.15 acres and 2.76 acres in the same micro-market, also via HSVP these aggressive expansion moves, shares of Godrej Properties have seen significant volatility. The stock has declined 26.4% over the past year and is down 16.6% in the last six months. However, it has rebounded 11% over the past three months and gained 5.5% in the past a technical standpoint, the stock is trading below four of its eight key simple moving averages, including the 5-day, 10-day, 20-day, and 200-day SMAs, while holding above the 30-day, 50-day, 100-day, and 150-day Relative Strength Index (RSI) currently stands at 51.9, suggesting neutral momentum. The Moving Average Convergence Divergence (MACD) is at 43.0, remaining above its center line but below the signal line—indicating a potential shift in short-term momentum.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

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