Rs 400,00,00,000 Revenue: This micro-cap company bags largest redevelopment project of 1,48,000 square feet in western suburbs – Borivali West!
The stock gave multibagger returns of 274 per cent in just 1 year, 450 per cent in 2 years and a whopping 1,415 per cent in just 3 months.
Shraddha Prime Projects Limited, a prominent real estate developer in Mumbai, has announced a major redevelopment project in one of Borivali West's prime locations. The project, aptly named "SHRADDHA PARADISE," boasts a sprawling land parcel exceeding 2 acres and holds the potential to redefine the area's skyline.
With full Intimation of Disapproval (IOD) and Plinth Commencement Certificate procured, the project is poised for rapid development. Encompassing a saleable area of over 1,48,000 square feet, "SHRADDHA PARADISE" is expected to generate potential revenues exceeding Rs 400,00,00,000 in the next three years. Construction has already commenced, and the completion of the plinth is well underway. Bookings for this landmark project have officially opened, offering investors and prospective homeowners a valuable opportunity to be part of this exciting development.
On Friday, one of the Top Gainers on BSE, shares of Shraddha Prime Projects Ltd zoomed 5 per cent upper circuit to Rs 65.64 per share from its previous closing of Rs 62.52. The stock also traded at a new 52-week high of Rs 65.64 per share.
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.
The company has a market cap of Rs 132.60 crore with a 3-year CAGR of 74 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 274 per cent in just 1 year, 450 per cent in 2 years and a whopping 1,415 per cent in just 3 months. 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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