The company is likely to emerge stronger from this tough market environment

The share price of Godrej Properties has corrected 9 per cent from the level we suggested a ‘hold’ on the stock about four months back. At the current market price of ₹331, the valuation looks reasonable, with its price-to-earning ratio (30 times) in tune with its three-year average. Being a strong brand, the company has demonstrated ability to buck the market trend. While residential property has...