Godrej Properties Rises After Fourth-Quarter Sales Double
Stock Chart for Godrej Properties Ltd (GPL)
Godrej Properties Ltd. (GPL), a Mumbai-based developer, rose as much as 6.2 percent after saying sales in the quarter ended March 31 more than doubled.
Sales were 3.18 billion rupees ($71 million), according to a filing to the Bombay Stock Exchange on May 7. Profit gained 4 percent to 599.9 million rupees in the fourth quarter.
The shares climbed 3.5 percent to 693 rupees at 11 a.m. local time in Mumbai trading.
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