Godrej Properties didn't have an easy week from August 4 to 8, 2025. It opened at ₹2,225, hit that same level as its high, then slid to ₹2,042 before ending Friday at ₹2,050.6. That's a 7.84% drop from the week before, with a range of 183 points.

The move wasn't happening in isolation. The company had just posted its Q1 FY26 results on August 1. Investors spent most of the week reacting to those numbers.

The Results That Shaped Sentiment

The latest quarter was a mixed bag. On one hand, profit was up — ₹600 crore, 15% higher than last year. Bookings came in strong again at ₹7,082 crore, keeping an eight-quarter streak of crossing ₹5,000 crore. Collections were healthier too, rising 22% to ₹3,670 crore.

On the other hand, revenue told a different story. Total income slipped by 3% to ₹1,593 crore, while revenue itself dropped 41% to ₹435 crore. That gap between strong profits and weaker revenue likely comes down to timing of project completions and how income is booked — something that can spook short-term traders. Cash flow also took a hit thanks to heavier construction spending.

Where Traders Are Looking

In the charts, the important zone on the downside is around ₹1,986–₹2,000. A close below there could drag the price toward ₹1,922, maybe even ₹1,803 if selling picks up. For any upside attempt, the price needs to break through ₹2,150–₹2,170. Staying above that could open a path to ₹2,288 and ₹2,352.

The stock is still below both its 50-day and 200-day moving averages — not the best sign for momentum traders. Last week's selling also came with heavier-than-normal volumes, which usually means stronger conviction from sellers.

How Analysts See It

• Motilal Oswal and Antique are still buyers, with targets of ₹2,843 and ₹2,723. They like the project pipeline, the booking run rate, and the demand in premium housing.
• Avendus is taking the opposite view, holding a "Reduce" stance with a ₹1,750 target. Their worry? Pre-sales growth could flatten, construction costs are creeping higher, and debt might rise if spending stays aggressive.

The Bigger Plan

Pirojsha Godrej isn't slowing down. For FY26, the company is aiming for ₹40,000 crore worth of launches and ₹32,500 crore in pre-sales. In Q1 alone, it bought five new land parcels worth an estimated ₹11,400 crore in sales potential.

One highlight is Godrej MSR City in North Bangalore — a 62-acre luxury high-rise project near the airport. It's already pulling in interest from buyers, a good sign for sustaining that booking momentum.

What's Next

For now, the stock's story is tied to three things — the broader real estate mood, how quickly the company launches and sells new projects, and whether it can keep costs in check. Any news on big-ticket projects like Ashok Vihar or fresh land buys could shift the sentiment in the weeks ahead.