331 per cent multibagger returns from 52-week low; Board likely to announce bonus shares
The stock gave multibagger returns of 331 per cent from its 52-week low, 1,665 per cent in 3 years and a whopping 3,700 per cent in 5 years.
On Friday, one of the Top Gainers on BSE, shares of Shraddha Prime Projects Ltd zoomed 2 per cent upper circuit to Rs 211.10 per share from its previous closing of Rs 207. The stock’s 52-week high is Rs 213 per cent and its 52-week low is Rs 49 per share.
Shraddha Prime Projects Limited has scheduled a Board Meeting on Monday, December 09, 2024, at A-309, Kanara Business Centre Premises CS Limited, Link Road, Laxmi Nagar, Ghatkopar (East) Mumbai - 400075. The primary agenda of the meeting is to consider the proposal for issuing bonus Shares. Additionally, any other business items may be discussed with the Chairman's permission.
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.
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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.
The company has a market cap of Rs 426.43 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 331 per cent from its 52-week low, 1,665 per cent in 3 years and a whopping 3,700 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.