Godrej Properties inks pact with Bombay Footwear

Godrej Properties announced that it has signed a development agreement with Bombay Footwear (P) to develop a plot of land admeasuring 5442.10 square metres located at Village Deonar, Chembur, in the registration sub-district and district of Mumbai city and Mumbai suburban as a residential project.

The stock had underperformed the market over the past one month till Oct. 04, 2010, falling 4.85% compared with the Sensex`s 12.37% rise. It outperformed the market in past one quarter, gaining 21.78% as against 17.27% rise in the Sensex.

Total volume of shares traded on the bourses today was lower by 75.62% to 29,542 compared with 22-day average volume of 121,162. On May 17, 2010, the board of directors approved final dividend of 40% or Rs 4 a share. The company has an equity capital of Rs 69.85 million. Face value of share is at Rs 10. The company has market capitalization of Rs 52.18 billion as on Oct. 04, 2010.