RESEARCH REPORT
Title: Relationship between NIFTY and Godrej Properties Limited
Author: Mr Ganesh Sahu
INTRODUCTION: Godrej Properties Limited, a prominent real estate development company in India, stands at the forefront of delivering innovative and sustainable living spaces. Established as a subsidiary of the Godrej Group, a conglomerate with a legacy spanning over a century, Godrej Properties has emerged as a trusted name synonymous with quality, excellence, and ethical business practices. With a diverse portfolio encompassing residential, commercial, and township projects, the company has left an indelible mark on India’s urban landscape. Godrej Properties’ commitment to environmental stewardship and community well-being is reflected in its focus on green building initiatives and socially responsible developments. As a trailblazer in the real estate sector, the company continues to redefine urban living, blending modernity with a deep-rooted commitment to customer satisfaction and sustainable development.Top of Form
OBJECTIVE: Find out Beta and Its significance.
VIWES AND REVIEWS: Godrej Properties achieves record sales of over Rs 2,600 crore in its Godrej Aristocrat project, marking its most successful launch to date, surpassing previous records. The project, located in Gurugram’s Sector 49, on Golf Course Extension Road, demonstrates robust demand with prime connectivity to social and commercial infrastructure. CEO Gaurav Pandey expresses gratitude for stakeholders’ trust, highlighting Gurugram’s strategic importance for the company. The real estate giant plans to launch four new projects in Gurugram by 2024. Godrej Properties’ shares surge 59% in 2023, reflecting investor confidence and a 7% increase in the last month.
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Hemant Contractor: Cautious on Godrej Properties Limited due to the slowdown in rural demand and the premium valuation compared to its peers. He believes investors should wait for a correction before entering the stock. (Source: Mint, December 22, 2023)
DATA COLLECTION: This report explores Godrej Properties Limited weekly performance on the Nifty 50 using Innova table to visualize key statistics, including R Square, F, p value. Analysing these elements reveals insights into the stock’s price distribution, stability, volatility, and potential trends compared to the broader market. The findings will inform investment decisions, risk assessments, and potential future outlooks.
DATA ANALYSIS: Regression equation= 798.77 + 0.45 (close of Nifty 50) where N = 50, R Square = 0.376, f = 28.96, p value = 8.37, these all value get from Innova table.
Conclusion: if beta value is more than 1 than it is good for short term investment, if beta value is less than 1 than it is good for long term investment.
REFERENCE: APA System