{"id":121902,"date":"2024-04-05T16:52:43","date_gmt":"2024-04-05T11:22:43","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=121902"},"modified":"2024-04-05T17:55:42","modified_gmt":"2024-04-05T12:25:42","slug":"large-cap-stock-jumps-4-after-selling-inventory-worth-2690-cr-in-its-newly-launched-project","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/large-cap-stock-jumps-4-after-selling-inventory-worth-2690-cr-in-its-newly-launched-project\/","title":{"rendered":"Large cap stock jumps 4% after selling inventory worth \u20b9 2,690 Cr in its newly launched project"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2610462203\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Realty stock engaged in the business of real estate construction, development, and other related activities jumped 4 percent in the day\u2019s trade upon selling inventory worth Rs. 2,690 Crores in its newly launched project in Mumbai.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1440718029\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 70,000 Crores, the shares of Godrej Properties Limited were trading at Rs. 2,493.70, up 3.56 percent from its previous day\u2019s close price of Rs. 2,407.95.\u00a0<\/p><p>Godrej Properties Limited announced that it has sold inventory worth Rs. 2,690 Crores in its newly launched project Godrej Reserve, located in Kandivali, Mumbai. Godrej Reserve has a developable potential of ~ 3.72 million square feet with an estimated revenue potential of approximately Rs. 7,000 Crores&nbsp;<\/p><p>Godrej Reserve was launched within fifteen months of acquiring the land, this is Godrej Properties Limited\u2019s one of largest residential developments and the most successful launch ever in Mumbai in terms of the value and volume of sales achieved.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2362277963\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Mr. Gaurav Pandey, MD &amp; CEO, of Godrej Properties, said, \u201cWe are delighted with the response to our project, Godrej Reserve. This has now become the best-ever launch in Mumbai residential real estate. We\u2019d like to take this opportunity to sincerely thank our customers and all stakeholders for their trust and confidence in Godrej Properties. We will do our best to ensure Godrej Reserve offers its residents an outstanding living experience.&nbsp;<\/p><p>Godrej Properties Limited is engaged in the business of real estate construction, development, and other related activities operating through the Godrej Brand, some of which are Godrej Avenues, Godrej Icon, Godrej United and many more.&nbsp;<\/p><p>Its revenue from operations grew by 68.36 percent from Rs. 196 Crores in Q3FY23 to Rs. 330 Crores in Q3FY24, accompanied by profits of Rs. 56 Crores to Rs. 63 Crores.&nbsp;<\/p><p>Written by: Bharath K.S<\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-4181722064\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Realty stock engaged in the business of real estate construction, development, and other related activities jumped 4 percent in the day\u2019s trade upon selling inventory worth Rs. 2,690 Crores in its newly launched project in Mumbai.&nbsp; With a market capitalization of Rs. 70,000 Crores, the shares of Godrej Properties Limited were trading at Rs. 2,493.70, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":98559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-121902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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