GODREJPROP - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | GODREJPROP | Market Cap | 49,462 Cr. | Current Price | 1,643 ₹ | High / Low | 2,506 ₹ |
| Stock P/E | 119 | Book Value | 581 ₹ | Dividend Yield | 0.00 % | ROCE | 6.46 % |
| ROE | 6.02 % | Face Value | 5.00 ₹ | DMA 50 | 1,764 ₹ | DMA 200 | 2,004 ₹ |
| Chg in FII Hold | -0.16 % | Chg in DII Hold | 0.36 % | PAT Qtr | 69.3 Cr. | PAT Prev Qtr | 13.1 Cr. |
| RSI | 43.6 | MACD | -50.2 | Volume | 8,63,424 | Avg Vol 1Wk | 8,10,701 |
| Low price | 1,475 ₹ | High price | 2,506 ₹ | PEG Ratio | 6.33 | Debt to equity | 0.89 |
| 52w Index | 16.3 % | Qtr Profit Var | 98.8 % | EPS | 13.6 ₹ | Industry PE | 25.5 |
📊 Chart & Trend: GODREJPROP is trading at ₹1,643, below both its 50 DMA (₹1,764) and 200 DMA (₹2,004), reflecting weakness. RSI at 43.6 suggests neutral-to-bearish momentum, while MACD (-50.2) confirms bearish undertones. Bollinger Bands show price near the lower band, signaling selling pressure and consolidation.
📈 Momentum Signals: Volume (8.63L) is slightly above the 1-week average (8.10L), showing increased activity despite weakness. RSI below 45 indicates mild bearishness, while MACD suggests continuation of downward bias.
💡 Entry Zone: ₹1,600–₹1,630 (support zone).
🚪 Exit Zone: ₹1,700–₹1,750 (resistance). A breakout above ₹1,750 could open room toward ₹1,800.
📌 Trend Status: The stock is currently consolidating with bearish bias after correcting from its high of ₹2,506, with sideways-to-downward movement around key averages.
Positive
- Quarterly PAT growth (₹69.3 Cr vs ₹13.1 Cr) shows strong earnings rebound.
- DII holdings increased (+0.36%), signaling domestic institutional support.
- Book value of ₹581 provides margin of safety.
Limitation
- Extremely high P/E (119) compared to industry PE (25.5), suggesting stretched valuation.
- ROCE (6.46%) and ROE (6.02%) are weak compared to peers.
- Debt-to-equity ratio of 0.89 indicates relatively high leverage.
Company Negative News
- Decline in FII holdings (-0.16%) signals reduced foreign investor confidence.
- Stock corrected sharply from its 52-week high of ₹2,506, showing volatility.
Company Positive News
- Quarterly profit growth of 98.8% supports earnings strength.
- EPS of ₹13.6 reflects profitability despite high valuation.
- Strong DII inflows (+0.36%) highlight domestic confidence.
Industry
- Real estate sector benefits from urban demand and government housing initiatives.
- Industry PE (25.5) is much lower than GODREJPROP’s P/E, suggesting premium valuation.
- Peers trade at moderate valuations, positioning GODREJPROP as a premium real estate play.
Conclusion
⚖️ GODREJPROP is consolidating with bearish undertones, trading below key moving averages. Fundamentals show strong quarterly profit rebound and institutional support, but valuation is stretched and leverage is high. Entry near ₹1,600–₹1,630 offers a margin of safety, with exits around ₹1,700–₹1,750. Long-term investors may hold for real estate sector strength, while traders should wait for a breakout above ₹1,750 for momentum trades.
Selva, would you like me to extend this into a peer benchmarking overlay against real estate players like DLF, Oberoi Realty, and Prestige Estates? That would highlight relative strength and sector rotation opportunities alongside GODREJPROP.