QUICK TAKE: DOWNTREND IN GODREJ PROPERTIES REVERSING

Godrej Properties stock is down 3.5% in one month versus 1.5% gain in the Nifty Realty index. ICICI Direct says the Realty index is in a structural uptrend after breaking above its decade-long consolidation. Among their preferred realty picks is Godrej Properties, which has seen strong buying last week. The brokerage expects it to head towards ~1,795