Godrej Properties drops as Nomura initiates "reduce," citing weak launches, slower execution, and fading market confidence.

• Nomura expects FY26 pre-sales to miss the target by 5% due to subdued launch momentum and buyer sentiment.
• Medium-term growth outlook weak, with doubts on the company’s ability to scale launches or sustain pre-sales.
• Execution challenges persist as delivery pace lags behind growing sales volumes; stock down ~19% YTD.