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The latest update is out from Godrej Properties Limited ( (IN:GODREJPROP) ).
Godrej Properties Limited announced the full redemption of its commercial paper program worth Rs. 2,500 crore, leading to the withdrawal of its credit rating by CRISIL Ratings Limited. The company has secured new credit ratings of IND A1+ and [ICRA] A1+ for a new commercial paper program amounting to Rs. 3,500 crore from India Ratings and Research Private Limited and ICRA Limited, respectively, indicating strong financial health and market confidence.
More about Godrej Properties Limited
Godrej Properties Limited is a prominent player in the real estate industry, primarily engaged in the development of residential, commercial, and township projects across India. The company is known for its focus on sustainable development and innovative design, catering to a diverse market segment.
Average Trading Volume: 30,427
Technical Sentiment Signal: Hold
Current Market Cap: 612.5B INR
For a thorough assessment of GODREJPROP stock, go to TipRanks’ Stock Analysis page.