Godrej Properties Ltd has added 6.11% over last one month compared to 2.46% gain in S&P BSE Realty Index index and 0.05% rise in the SENSEX
The growth in share price shows that an investment of Rs 10,000 in the company in November last year is now worth Rs 7,26,417.
Barring ONGC all 29 stocks of Sensex were trading higher.
Godrej Properties said the company has launched its Qualified Institutions Placement (QIP) issue on March 9 and fixed floor price at Rs 1,513.39 per share
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The IPO is an entirely fresh issuance of equity shares and proceeds of the issue would be mainly used to pay the debt.
Life Insurance Corporation recorded 24% growth in new business premium to Rs 12,920.57 crore