Godrej Properties vs DLF: Which realty stock should you pick for long term?

livemint.com:

Godrej Properties (GPL) and DLF, which realty stock has better long-term investment opportunities. Both DLF and Godrej Properties have outperformed the benchmark this year so far. While DLF has risen almost 29 percent in 2024 YTD, GPL has advanced 24 percent in this period.

In comparison, the Nifty Realty index has gained over 18 percent and Nifty has added 3 percent in this period. Both the stocks have given positive returns in both the months of 2024 so far. DLF has jumped 13 percent in February, extending gains to sixth straight month.

It rose 9.7 percent in January. Meanwhile, GPL rose 1.2 percent in February, extending gains for the fifth straight month. It surged around 18 percent in January.

Meanwhile, in the last 1 year, both DLF and GPL have given multibagger returns. DLF has soared over 159 percent whereas GPL has rallied 114 percent. In comparison, Nifty Realty has surged over 125 percent while Nifty is up over 27 percent.

DLF and Godrej Properties also hit their 52-week highs in intra-day deals today, March 4. DLF hit its one-year high of ₹932, soaring 177 percent from its 52-week low of ₹336.50, hit on March 14, 2023. GPL also touched its 52-week high of ₹2,524, jumping 151 percent from its 52-week low of ₹1,005, hit on March 29, 2023.

Meanwhile, in the long term, 3 years as well, DLF has emerged as the winner. The stock has given 194 percent returns whereas GPL is up just 67 percent. DLF reported a 27 percent increase in consolidated net profit to ₹655.71 crore in the December quarter on higher income and fewer expenses.