
Technical note from The Hindu Businessline recommends buying Godrej Properties at ₹2,092 with a 12-month target of ₹3,700. Supports at ₹1,850 and ₹1,550.
Alpha Score of 67 reflects moderate overall profile with strong momentum, strong value, weak quality, moderate sentiment.
Godrej Properties (NSE: GODREJPROP) received a buy call from a technical analysis published by The Hindu Businessline. The note cited the end of a downtrend that had been in place since July 2024, marked by a strong rise from the April low of ₹1,434. That rally occurred from a long-term trendline support, which the analysts said strengthens the bullish case.
Support levels are pegged at ₹1,850 and ₹1,550. The call recommends buying at the current price of ₹2,092, with additional accumulation on dips to ₹1,940. A stop-loss is set at ₹1,420. The note outlined a trailing stop strategy: move the stop to ₹2,420 when the stock reaches ₹2,730, then to ₹2,710 at ₹3,050, and finally to ₹3,450 at ₹3,640.
The 12-month price target stands at ₹3,700.
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