250 Per Cent Multibagger Returns From 52-Week Low; Board Announces 1:1 Bonus Share

250 Per Cent Multibagger Returns From 52-Week Low; Board Announces 1:1 Bonus Share

Kiran Shroff

The stock gave multibagger returns of 250 per cent from its 52-week low, 1,815 per cent in 3 years and a whopping 4,030 per cent in 5 years.

On Monday, shares of Shraddha Prime Projects Ltd plunged 1.65 per cent to Rs 229.05 per share from its previous closing of Rs 232.90 per share. The stock’s 52-week high is Rs 232.95 per cent and its 52-week low is Rs 65.64 per share.  

Shraddha Prime Projects Limited, formerly known as Towa Sokki Limited, declared a bonus issue of equity shares. The company will issue 20,200,500 bonus equity shares of Rs 10 each in the ratio of 1 bonus share for every 1 equity share held by shareholders. This means existing shareholders will receive one additional share for every share they currently own. The record date for the bonus share will be announced in due course.

Shraddha Prime Projects Ltd, established in 2007, initially focused on the manufacturing and selling of Survey Instruments. However, the company has recently transitioned its core business and ventured into the real estate development and construction sector.

Shraddha Prime Projects Limited is embarking on a massive redevelopment project, Shraddha Park City, in Mumbai's western suburbs. Located in Borivali East's Nensey Colony, this project spans over 12,760 square meters and includes a substantial RERA carpet area for both residential and commercial spaces. With necessary approvals secured and significant investments made, Shraddha Park City is poised to generate a substantial revenue of Rs 1,200 crore over the next five years. Developed under DCPR 2034's 33(11) A Scheme, this multi-storied high-rise tower aims to become a landmark in Borivali East, aligning with Shraddha Prime's vision of developing premium properties.

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The company has a market cap of Rs 462.70 crore with a 3-year CAGR of 125 per cent. Based on the shareholding pattern, the company's promoters hold a 75 per cent stake in the company, while the remaining 25 per cent is owned by the general public. The stock gave multibagger returns of 250 per cent from its 52-week low, 1,815 per cent in 3 years and a whopping 4,030 per cent in 5 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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