Recommended stocks on – 16.07.2025
( 1 ) GODREJ PROPERTY -
· Buy price : 2273
· Strong Support : 2230
· Resistance price : 2297 - 2308
Reasons for Buy Recommended - Godrej Properties is fundamentally well-positioned,
having delivered a stellar Q1 FY25 performance with pre-sales soaring 283%
year-on-year to ₹8,637 crore and nearly 9 million sq.
ft. sold-setting new company records. The strong sales momentum is backed by a ₹6,000 crore Qualified Institutional Placement (QIP),
ensuring ample liquidity for future launches, with over ₹40,000 crore worth of projects planned for FY26 across
high-demand markets like NCR, MMR, Bengaluru, and Pune.
The company’s balance sheet remains healthy with
robust operational cash flows and efficient capital deployment. On the
technical front, however, the stock is currently trading below key moving
averages such as the 50-day and 200-day EMAs, reflecting short-term weakness.
The Relative Strength Index (RSI) hovering around 40 and
a bearish Moving Average Convergence Divergence (MACD) indicate sustained
downward pressure, while an Average Directional Index (ADX) below 25 suggests
the current trend lacks strength. Despite this, the oversold conditions imply
potential for mean reversion.
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