Bengaluru, July 2 -- The shares of this realty-based stock are in focus after the company sold a 2.5 percent stake in its joint venture to its promoter group. In this article, we will discuss more about it in detail.

With a market capitalization of Rs 69,815 crores, the shares of Godrej Properties are currently trading at Rs 2,318 per share, down by 32 percent from its 52-week high of Rs 3,400 per share. Over the past five years, the stock has delivered a return of 159 percent.

The realty major, through a stock exchange filing, announced that the company had sold a 2.5 percent stake in its JV Vivrut Developers Private Limited (VDPL) to Godrej Ventures and Investment Advisers Private Limited (GVAIAPL) for a total consideration of Rs 8.63...