{"id":5571,"date":"2024-12-19T10:49:40","date_gmt":"2024-12-19T05:19:40","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=5571"},"modified":"2024-12-19T10:49:42","modified_gmt":"2024-12-19T05:19:42","slug":"godrej-industries-stock-falls-2-after-27-7-lakh-shares-traded-in-block-deal","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/godrej-industries-stock-falls-2-after-27-7-lakh-shares-traded-in-block-deal\/","title":{"rendered":"Godrej Industries Stock Falls 2% After 27.7 Lakh Shares Traded in Block Deal"},"content":{"rendered":"\n<p>Shares of Godrej Industries opened lower on December 19 after a significant block deal involving 27.7 lakh shares, representing 0.9% of the company\u2019s equity, was executed at \u20b91,164 per share. The transaction, valued at approximately \u20b9323 crore, saw the stock decline nearly 2% in early trading. The identities of the buyer and seller involved in the deal remain undisclosed.<\/p>\n\n\n\n<p>By 10:15 a.m., the stock was trading at \u20b91,130, reflecting a 1.96% drop from the previous close.<\/p>\n\n\n\n<p>Despite this dip, Godrej Industries has demonstrated strong performance recently, gaining around 9% over the past month. In its Q2 results, the company reported a remarkable 229.98% year-on-year increase in net profit to \u20b9288 crore. Revenue from operations grew 22% to \u20b94,805 crore compared to \u20b93,937.6 crore in the same quarter last fiscal. The EBITDA also witnessed a sharp rise, surging to \u20b9288 crore from \u20b987.3 crore in the corresponding period of the previous year.<\/p>\n\n\n\n<p>The block deal and subsequent decline in share price come amidst robust financial performance, underscoring market interest in the stock.<\/p>\n\n\n\n<p>Do you have a news tip for Lakshmishree reporters? Please email us at <strong><a>media@lakshmishree.com<\/a><\/strong><\/p>\n\n\n\n<p><sub><sup><strong>Source<\/strong>: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/stocks\/27-7-lakh-shares-of-godrej-industries-traded-in-block-deal-stocks-falls-2-12893594.html\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.moneycontrol.com\/news\/business\/stocks\/27-7-lakh-shares-of-godrej-industries-traded-in-block-deal-stocks-falls-2-12893594.html\" rel=\"noreferrer noopener nofollow\">Moneycontrol<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Godrej Industries opened lower on December 19 after a significant block deal involving 27.7 lakh shares, representing 0.9% of the company\u2019s equity, was executed at \u20b91,164 per share. The transaction, valued at approximately \u20b9323 crore, saw the stock decline nearly 2% in early trading. The identities of the buyer and seller involved in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[828],"class_list":["post-5571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-godrej-industries-block-deal"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=5571"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5571\/revisions"}],"predecessor-version":[{"id":5573,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5571\/revisions\/5573"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/5572"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=5571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=5571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=5571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}