INSUBCONTINENT EXCLUSIVE:
Shares of Godrej Properties are set to be in focus on Thursday, July 17, after the Mumbai-based developer announced its entry into Raipur
through the acquisition of 50 acres of land for a premium plotted residential project.The planned development, located near Old Dhamtari
Road, a fast-developing real estate corridor, will offer an estimated saleable area of approximately 9.5 lakh square feet, the company said
noted that the site benefits from strong infrastructure tailwinds, including proximity to the Raipur Railway Station, Swami Vivekananda
our focus on entering high-growth cities through plotted developments
The stock is up 7.3% in the past three months and 1% over the last month, but has declined 1.1% in the past week.From a technical
perspective, the stock is trading above five of its eight key simple moving averages (5-day, 10-day, 50-day, 100-day, and 150-day SMAs), but
remains below the 20-day, 30-day, and 200-day SMAs
The Relative Strength Index (RSI) stands at 48, indicating that the stock is neither overbought nor oversold.Meanwhile, the Moving Average
Convergence Divergence (MACD) is at -17.9 and remains below both the center and signal lines, a strong bearish signal for near-term
momentum.Also Read: SBI, Federal Bank among 11 banks that saw NPA improvement in Q4(Disclaimer: Recommendations, suggestions, views and
opinions given by the experts are their own
These do not represent the views of the Economic Times)
