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After 2x rally in a year, can Godrej Properties sustain momentum?


After 2x rally in a year, can Godrej Properties sustain momentum?
The stock has lost 10% in three trading sessions since its quarterly result on Monday morning.
Synopsis
The company reported a 10% year-on-year increase in sales value at Rs 2,610 for the quarter aided by the new launches which contributed one third.
ET Intelligence Group: Mumbai headquartered Godrej Properties reported a double digit growth in sales booking for the March quarter and for FY21. The company’s stock has more than doubled over the past year on account of strong bookings. However, the momentum may not sustain considering the impact of the second wave of the pandemic and high valuation compared with peers. The stock has lost 10% in three trading sessions since its quarterly result ....

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real estate stocks to buy: 5 signs that this beaten-down sector may emerge the hottest one in 2021


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NEW DELHI: If early signs are anything to go by, real estate is one sector that is going to be the hottest theme of Calendar 2021. In fact, it may also give a new lease of life to some other sectors that depend on it.
Macro data and early numbers reported by the real estate companies suggest a recovery is on the cards. Encouraged by lower property prices, cheaper loans and encouragement from the government authorities, demand has picked up.
Will the trend continue? Going by the signals the market is sending out and management commentaries, the answer is affirmative. ....

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