Godrej Properties has allotted 6,460 Rated, Listed, Unsecured, Redeemable, Non Convertible Debentures of the face value of Rs. 1,00,000 each, aggregating to Rs. 64.60 crore to the identified investors on a Private Placement basis. Powered by Capital Market - Live

The key equity benchmarks ended with limited losses on Thursday. The Nifty settled below 25,150 level after hitting the day's high of 25,275.45 in early trade. Midsmall healthcare, media and consumer durables shares advanced while realty, auto and oil & gas stocks declined. Trading was volatile due to expiry of weekly index options on the NSE. As per provisional closing data, the barometer index, the S&P BSE Sensex, declined 151.48 points or 0.18% to 82,201.16. The Nifty 50 index lost 53.60 points or 0.21% to 25,145.10. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.27% and the S&P BSE Small-Cap index gained 0.56%. The S&P BSE Mid-Cap and S&P BSE Small-Cap index hit an all-time high at 49,337.63 and 56,771.39 respectively. The market breadth was positive. On the BSE, 2,258 shares rose and 1,669 shares fell. A total of 111 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 1.18% to 14.21. Buzzing Index: The Nifty Media index rose 0.81% to 2,082.85. The index increased 0.83% in two consecutive trading sessions. PVR Inox (up 3.59%), Hathway Cable & Datacom (up 1.95%), TV18 Broadcast (up 1.9%), Dish TV India (up 1.35%), Saregama India (up 0.88%) and Network 18 Media & Investments (up 0.04%) advanced. Stocks in Spotlight: Godrej Properties fell 1.24%. The company informed that its board has approved the issuance of non-convertible debentures (NCDs) aggregating to Rs 64.60 crore. RailTel Corporation of India shed 0.36%. The company informed that it has received a work order from Northern Railways for Railway Telecom Project aggregating to Rs 10.92 crore. PNB Housing Finance declined 1.42% after the company informed that its board is scheduled to meet on 9 September to approve the issuance of non-convertible debentures (NCDs) up to Rs 2,500 crore. Goldiam International rose 0.49% after the company received purchase orders from large retailers in USA for diamond studded gold jewellery. The said order is worth Rs 70 crore and it is expected to be completed on or before 31 December 2024. Linde India advanced 3.31% after the firm announced that it has entered into the plant sale agreement with Tata Steel for acquiring their industrial gas supply assets Premier Energies surged 19.45% after the company received an order from Uttar Pradesh Department of Agriculture for the supply, installation, and commissioning of solar water pumping systems across various districts in the state. The said order is worth Rs 217 crore and it will be completed on or before March 2025. Suzlon Energy advanced 2.51% after the company announced that it has executed a conveyance deed with OE Business Park (OEBPPL) for the sale of One Earth Property, its corporate office. Global market: Most European shares advanced as investors looked ahead to key U.S. economic data. Jobless claims are due out on Thursday, followed by nonfarm payrolls and the unemployment rate on Friday. Asian stocks traded mixed on Thursday, the investors assessed July pay data out of Japan. Average monthly cash earnings in the country rose 3.6% year-on-year, a softer rise compared to the 4.5% climb seen in June. Investors are looking ahead for other economic data coming from the region include trade data from Australia and Singapore's retail sales numbers. The US job openings data for July, at 7.67 million, fell below estimates. This marked the lowest level since early 2021, indicating a potential challenge in achieving a soft landing for the world's largest economy. Market participants will closely monitor the upcoming August economic report on Friday, which could further influence the magnitude of rate cuts. China's economic difficulties intensified as JPMorgan strategists downgraded the country's stock outlook. Citing a challenging economic landscape and heightened volatility surrounding the US election, they lowered their rating from overweight to neutral. In an attempt to stimulate the property market and broader economy, China is considering interest rate cuts on a significant portion of its mortgage debt. A notable development saw India surpass China as the largest weighting in the MSCI EM investable market index (IMI). US stock markets experienced a mixed start to September. The S&P 500 and Nasdaq Composite declined for a second consecutive day Wednesday, while the Dow Jones Industrial Average gained slightly. A temporary return to a normal yield curve provided some support to US stocks, easing recession concerns that had previously plagued investors.Powered by Capital Market - Live

The realtor will issue 6,460 Unsecured, Redeemable, Rated, Listed, NCDs having face value of Rs. 1 lakh each, aggregating to Rs 64.60 crore. Godrej Properties is the real estate arm of the Godrej Group. It is subsidiary of Godrej Industries, which holds 58.48% of the company's equity shares as on 30 June 2024. The company currently operates in various cities and focuses on residential, commercial, and township development. The company reported its highest ever consolidated net profit of Rs 520.05 crore in Q1 FY25, steeply higher than Rs 124.94 crore posted in Q1 FY24. Revenue from operations declined 21.05% year on year to Rs 739 crore in Q1 FY25 from Rs 936.09 crore recorded in the same period a year ago. The scrip rose 0.23% to Rs 2,899.40 on Wednesday, 4 September 2024.Powered by Capital Market - Live

The key equity indices traded in negative territory with minor losses in morning trade. The Nifty traded below the 24,300 level. Media shares declined after rallying for four consecutive trading session. At 09:25 IST, the barometer index, the S&P BSE Sensex, was down 328.59 points or 0.41% to 79,377.32 The Nifty 50 index declined 73.60 points or 0.30% to 24,293.90. In the broader market, the S&P BSE Mid-Cap index fell 0.60% and the S&P BSE Small-Cap index declined 0.26%. The market breadth was negative. On the BSE, 1,531 shares rose and 2,164 shares fell. A total of 169 shares were unchanged. Buzzing Index: The Nifty Media index declined 1.77% to 2,064.55. The index rallied 4.86% in past four trading session. Sun TV Network (down 9.3%), Network 18 Media & Investments (down 3.97%), Hathway Cable & Datacom (down 2.62%), TV18 Broadcast (down 1.75%), Dish TV India (down 1.73%), Nazara Technologies (down 1.23%), PVR Inox (down 1.15%) and Zee Entertainment Enterprises (down 0.9%) advanced. Stocks in Spotlight: Godrej Properties declined 1.41%. The Mumbai-based real estate developer said that it has acquired a 90-acre land parcel in Khalapur taluka, Raigad district, Maharashtra. The said land parcel is estimated to have a development potential of approximately 1.7 million square feet of saleable area comprising primarily of residential plotted development. Siemens rose 0.69%. The company's standalone net profit jumped 25.23% to Rs 530.60 crore in June 2024 quarter as against Rs 423.70 crore reported in the same period last year. Total revenue from operations increased 6.97% year on year (YoY) to Rs 4,714.20 crore during the quarter ended 30 June 2024. C.E. Info Systems (MapMyIndia) shed 0.76%. The company reported 11.17% rise in consolidated net profit to Rs 35.82 crore in Q1 FY25 as against Rs 32.22 crore posted in Q1 FY24. Revenue from operations jumped 13.51% year on year (YoY) to Rs 101.49 crore in Q1 FY25.Powered by Capital Market - Live

The said land parcel is estimated to have a development potential of approximately 1.7 million square feet of saleable area comprising primarily of residential plotted development. Located about 70 kilometres from Mumbai, Khalapur is a scenic area featuring well established social and civic infrastructure, including several schools, healthcare facilities, shopping malls, and entertainment venues. The land is in proximity to the Mumbai Trans Harbour Link and the Mumbai-Pune Expressway, providing excellent connectivity to Mumbai, Navi Mumbai, and Pune. The planned Navi Mumbai International Airport is expected to further enhance access to Khalapur and its neighbouring regions. Gaurav Pandey, MD & CEO, Godrej Properties, said: 'Residential plotted development has gained significant traction in recent years. Khalapur is a promising upcoming location. Hence following the excellent response to our last development, Godrej Hillview Estate, we aim to expand our presence in the region. We will aim to build an outstanding residential community that creates long-term value for its residents.' Godrej Properties is the real estate arm of the Godrej Group. It is subsidiary of Godrej Industries, which holds 58.48% of the company's equity shares as on 30 June 2024. The company currently operates in various cities and focuses on residential, commercial, and township development. The company reported its highest ever consolidated net profit of Rs 520.05 crore in Q1 FY25, steeply higher than Rs 124.94 crore posted in Q1 FY24. Revenue from operations declined 21.05% year on year to Rs 739 crore in Q1 FY25 from Rs 936.09 crore recorded in the same period a year ago. The scrip fell 1.33% to currently trade at Rs 2886.35 on the BSE. Powered by Capital Market - Live

Godrej Properties announced that it has acquired a ~90-acre land parcel in Khalapur - Raigad, Maharashtra. The land is located near Karjat Khopoli Road and is estimated to have a development potential of approximately 1.7 million square feet of saleable area comprising primarily of residential plotted development. Gaurav Pandey, MD & CEO, Godrej Properties, said, 'Residential plotted development has gained significant traction in recent years. Khalapur is a promising upcoming location. Hence following the excellent response to our last development, Godrej Hillview Estate, we aim to expand our presence in the region. We will aim to build an outstanding residential community that creates long-term value for its residents. Located about 70 kilometres from Mumbai, Khalapur is a scenic area featuring well established social and civic infrastructure, including several schools, healthcare facilities, shopping malls, and entertainment venues. The land is in proximity to the Mumbai Trans Harbour Link and the Mumbai-Pune Expressway, providing excellent connectivity to Mumbai, Navi Mumbai, and Pune. The planned Navi Mumbai International Airport is expected to further enhance access to Khalapur and its neighbouring regions.Powered by Capital Market - Live