Godrej Properties shares rallied nearly 10 percent on Monday after its December-quarter result. The company posted a 9.27 percent year-on-year rise in consolidated net profit at Rs 45.49 crore in Q3 against a net profit of Rs 41.54 crore in the same period last year.

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The stock rose as much as 9.7 percent to Rs 1,085.70 per share on the BSE. At 12:50 am, the stock was trading 8.3 percent higher at Rs 1,072 versus a 0.3 percent or 107 points rise in the BSE Sensex at 39,843.

The company's revenue jumped 12.57 percent year-on-year to Rs 382.82 crore during the quarter under review. Consolidated expenditure of the company declined to Rs 403.27 crore in Q3FY20 over Rs 436.80 crore in Q3FY19.

In the past one month alone the scrip has risen 12 percent. It advanced nearly 45 percent in the last one year.

The stock hit its 52-week high of Rs 1,118 on July 1, 2019, and a 52-week low of Rs 687 on March 15, 2019.

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