After 2x rally in a year, can Godrej Properties sustain momentum?

ET Intelligence Group: Mumbai headquartered Godrej Properties reported a double digit growth in sales booking for the March quarter and for FY21. The company’s stock has more than doubled over the past year on account of strong bookings. However, the momentum may not sustain considering the impact of the second wave of the pandemic and high valuation compared with peers. The stock has lost 10% in three trading sessions since its quarterly result