Penny Stock Under Rs 100 in Green After Expansion of Hospitality Division—Destination Wedding Resort Project
The stock gave multibagger returns of 200 per cent in 3 years and a whopping 410 per cent in 5 years.
Bharat Agri Fert & Realty Ltd. is embarking on an ambitious expansion of its ANCHAVIYO Resort to elevate it to a premier destination for weddings and corporate events. The existing resort, boasting 80 luxurious rooms, fine dining, and diverse recreational amenities, provides a strong foundation for this growth. The expansion will introduce 130 additional rooms, a state-of-the-art spa, a unique island pool, a grand banquet hall, and a captivating open-air mandap. This significant investment of Rs 85 crore is expected to be completed by March 2026.
Financial Support and Regulatory Approvals To finance this expansion, the company has secured Rs 25 crore from NKGSB Bank and anticipates additional funding from other banks. The Government of India's "Wed in India" initiative offers substantial incentives, including capital subsidies, reduced energy tariffs, and tax benefits, further bolstering the project's financial viability. The necessary town planning approval for land conversion has been obtained, and the company plans to leverage additional land for future developments, subject to regulatory approvals.
Revenue Projections and Future Outlook Upon completion of the expansion, ANCHAVIYO Resort is projected to generate annual revenues of Rs 111 crore by FY 2026-27. This significant growth is expected to positively impact not only the hospitality division but also the company's real estate and fertilizer sectors. The company is confident that this expansion will solidify its position as a leading player in the destination wedding and corporate event market.
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About the Company
Bharat Agri Fert & Realty Limited (BAFRL), was established in 1962 as a pioneering Indian company, initially recognized for being the first to manufacture NPK fertilizers through "Project Finance" from NRI investors. With three key business verticals – Fertilizers, Realty, and Hospitality – the company is strategically navigating challenges and pursuing growth opportunities. In the fertilizer business, the company is temporarily leasing out its assets to address supply chain disruptions, fostering potential future manufacturing operations. The Realty segment focuses on a landmark project in Thane City, developing 60 60-floor building with a commencement certificate from the planning authority received to build up to the 35th floor.
On Monday, shares of Bharat Agri Fert & Realty Limited gained 1.71 per cent to Rs 80.08 per share with an intraday high of Rs 85 per share and an intraday low of Rs 78 per share from its previous closing of Rs 78.73 per share. The shares of the company have a 52-week high of Rs 132.45 per share while its 52-week low is Rs 68.53 per share. The stock gave multibagger returns of 200 per cent in 3 years and a whopping 410 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.