Today the domestic indices opened on a positive note where the NSE Nifty50 index opened near 11,638.40 from its previous closing level of 11,598.00. Currently, it is trading near 11,628.75, 30.75 points up. (12:38 PM India GMT +5:30)
During the trading session, many stocks hit their fresh 52-week highs on NSE including the Godrej Properties Ltd whose share price touched a new 52-week high of Rs. 969.00 after breaking its previous high of Rs. 937.70 of April 03, 2019.
The company succeeds to break its 52-week high after it increased its stake in Wonder Space Properties and addition of a new residential project in Navi Mumbai.
The Wonder Space properties are involved in the construction and development of land situated in NCR. Godrej Properties increased its equity stake to 96.03 percent by acquiring equity shares from Shubh Properties Cooperatief U.A.