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GODREJPROP - Technical Analysis with Chart Patterns & Indicators

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Rating: 3.6

Last Updated Time : 04 May 26, 11:57 am

Technical Rating: 3.6

Stock Code GODREJPROP Market Cap 55,278 Cr. Current Price 1,835 ₹ High / Low 2,506 ₹
Stock P/E 133 Book Value 581 ₹ Dividend Yield 0.00 % ROCE 6.46 %
ROE 6.02 % Face Value 5.00 ₹ DMA 50 1,730 ₹ DMA 200 1,929 ₹
Chg in FII Hold -1.98 % Chg in DII Hold -2.59 % PAT Qtr 69.3 Cr. PAT Prev Qtr 13.1 Cr.
RSI 62.6 MACD 52.6 Volume 11,89,989 Avg Vol 1Wk 9,54,638
Low price 1,434 ₹ High price 2,506 ₹ PEG Ratio 7.07 Debt to equity 0.89
52w Index 37.4 % Qtr Profit Var 98.8 % EPS 13.6 ₹ Industry PE 27.0

📈 Chart & Trend: GODREJPROP is trading above its 50 DMA (1,730 ₹) but below the 200 DMA (1,929 ₹), showing short-term strength but medium-term weakness. RSI at 62.6 indicates bullish momentum nearing overbought territory. MACD at 52.6 remains positive, supporting upside bias. Bollinger Bands show price near the upper band, suggesting resistance and possible consolidation.

🔎 Momentum Signals: Current volume (11.9 lakh) is higher than the 1-week average (9.5 lakh), reflecting strong participation. Momentum remains positive, but overbought signals suggest caution.

🎯 Entry Zone: 1,720–1,750 ₹ (support near 50 DMA)

🚪 Exit Zone: 1,950–2,000 ₹ (resistance near 200 DMA)

📊 Trend Status: Trending upward short-term, consolidating medium-term.

Positive

  • Quarterly PAT surged to 69.3 Cr. from 13.1 Cr. (+98.8%).
  • EPS at 13.6 ₹ shows earnings recovery.
  • Strong volume participation supports momentum.
  • Book value at 581 ₹ provides downside cushion.

Limitation

  • High P/E (133) compared to industry average (27.0), indicating steep valuation.
  • ROCE (6.46%) and ROE (6.02%) are weak, showing poor capital efficiency.
  • PEG ratio (7.07) signals expensive growth expectations.
  • Dividend yield at 0.00% offers no income support.

Company Negative News

  • Decline in institutional holdings (FII -1.98%, DII -2.59%) signals reduced investor confidence.

Company Positive News

  • Strong quarterly profit growth (+98.8%).
  • Improved EPS and strong trading volumes indicate recovery momentum.

Industry

  • Industry P/E at 27.0 reflects moderate valuations across real estate sector.
  • Sector supported by urban housing demand and government initiatives.

Conclusion

GODREJPROP shows short-term bullish momentum supported by earnings recovery but faces medium-term consolidation risk due to steep valuations and weak efficiency metrics. Entry near 1,720–1,750 ₹ offers cautious accumulation, while profit booking is advised near 1,950–2,000 ₹. Long-term outlook remains dependent on sustaining profitability and improving ROE/ROCE.

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