Godrej Properties Q2 profit plunges 62% to ₹154 crore, real estate stock down 6.5% in 1 week - What next for investors

Godrej Properties, a leading real estate company, has reported a significant decline in its net profit for the second quarter (Q2) of the current fiscal year. The company's profit plunged by 62% to ₹154.15 crore compared to the same period last year. The company's stock has also seen a decline of 6.5% over the past week. Analysts have cited rising costs and profitability as key concerns for the company.