Godrej stock price hitting an all-time high of Rs 3, 170 on June 28th

Stock price is up 2% today, reaching a new all-time high, likely due to their impressive sales figures. They achieved their highest ever pre-sales in FY24, exceeding initial targets by a significant margin. This strong performance reflects the rising demand for residential properties in India, particularly in the luxury segment. There are a few reasons why this might be happening:

A growing economy: As the Indian economy expands, more people are able to afford to buy homes.
Desire for home ownership: There is a general trend in India, like in many other countries, of people wanting to own their own homes rather than rent.
Demand for luxury properties: The demand for luxury properties seems to be particularly strong, which is good news for Godrej Properties since they are a major player in that market.

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