Godrej Properties‘ share price reached a 52-week high during early trading on July 1st.
The price increase is likely due to the company acquiring leasehold rights for an approximately 11-acre land parcel in Hinjewadi,Pune.
July 1st, the share price was ₹3,220.00, reflecting a ₹12.20 or 0.38% increase.
The land parcel has the potential to be developed into a 2.2 million square feet project with an estimated revenue potential of ₹1,800 crore.