Under Rs 110: This micro-cap company announces updates on Iconic Wembley-24 Tower, projects robust future growth from an intention to purchase 150 units
The stock gave multibagger returns of 542 per cent in 3 years and a whopping 800 per cent in 5 years.
Bharat Agri Fert & Realty Limited (BHARATAGRI) (BSE – 531862) announced that the company has officially launched its prestigious high-rise tower, Wembley-24, located in Majiwada, Thane. This iconic structure, which stands at G+60 floors, will offer 457 residential flats available in 2/3 BHK configurations. The Majiwada Project is projected to generate total realizations of approximately Rs 800 crore over the next four years on a pro-rata basis, with the project's cost estimated at approximately Rs 300 crore, as the land is owned by the company
Even before the official launch, the company received firm confirmations for the pre-booking of 25 flats. On the launch day, the company witnessed an overwhelming response to purchase approximately 150 units (1/3rd of total units). This enthusiastic reception underscores the strong demand for quality housing in the market.
The company anticipates continued momentum in bookings, setting the stage for robust revenues and profitability in the forthcoming quarters. These developments reflect the company’s commitment to delivering value to its stakeholders while maintaining financial prudence and operational excellence. The company remains focused on executing its strategic initiatives and maximizing shareholder returns in the long term.
Additionally, the company is making a splash in hospitality with India's first 7-star resort on the outskirts of Mumbai. This ambitious project will triple the size of their existing Anchaviyo resort, boasting a banquet hall, premium amenities, and a riverside location perfect for destination weddings - all aligned with the government's "WED IN INDIA" initiative. By 2025-2026, BAFREL aims to be a major player in the hospitality industry, potentially partnering with a renowned hotel chain.
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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 Tuesday, shares of Bharat Agri Fert & Realty Limited gained 0.27 per cent to Rs 101.49 per share with an intraday high of Rs 105 and an intraday low of Rs 100.15 from its previous closing of Rs 101.22. The shares of the company have a 52-week high of Rs 132.45 while its 52-week low is Rs 76.99. The stock gave multibagger returns of 542 per cent in 3 years and a whopping 800 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.
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