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Godrej Properties Gets 'Buy' Upgrade From ICICI Securities Post Recent Correction, Sees 31% Upside
ICICI Securities upgrade Godrej Properties to Buy from Hold post ~27% correction in the stock price over the last three months with a revised target price of Rs 2,515.
09 Apr 2025, 11:13 AM IST 
Godrej Properties clocked record Q4 FY25 gross sales bookings worth Rs 101.6 billion, led by several new launches during the quarter across Noida, Gurugram and Hyderabad along with sustenance sales worth Rs 71.7 billion. (Photo Source: Company Website)
Buoyed by strong FY25 performance, wherein Godrej Properties achieved gross sales bookings of Rs 294 billion versus its FY25 guidance of Rs 270 billion, conversion of sales bookings CAGR of 55% over FY22-25 to stronger operating cash surplus (ex-land/tax/interest) over FY25-27 (Rs 34.3 billion achieved in 9M FY25), remains key.
