Multibagger penny stock and 350 per cent returns: This micro-cap construction company to constructs two towers with potential revenue of Rs 100 crore; hits fresh 52-week high!
Shares of the company gained over 220 per cent in the last six months.
Shraddha Prime Projects is making headway in Kanjurmarg East, Mumbai, with their redevelopment project, Shraddha Pavillion. The project was launched this year, the two-tower complex boasts a strategic location near key highways and enjoys a Commencement Certificate with construction already underway. The company invested Rs 7.7 crores in TDRs for FSI expansion, with plinth work progressing on both towers. This project with 53,000 sq. ft. of saleable area holds the potential to generate over Rs 100 crores in revenue within two years, and sales have already begun.
This promising development in a developing area strengthens Shraddha Prime's portfolio and underscores its commitment to delivering value to stakeholders. Owning to the positive news, the stock also made a fresh 52-week high on Friday.
Shraddha Prime Projects Limited is an expanding real estate developer headquartered in Mumbai. The company has a diverse range of projects, including residential buildings, slum rehabilitation projects, redevelopment projects and MHADA development. The company constructs homes that cater to a wide spectrum of society, offering options such as affordable housing, compact residences, premium dwellings and super-premium residences.
Today, the stock opened at Rs 87.74, with a high and low of Rs 87.74 and Rs 83.15, respectively. The stock is currently trading at Rs 85.00, which increased by 1.21 per cent. The stock also delivered multibagger returns of over 350 per cent in the last one year. Investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
Related articles
-
Multibagger penny stock under Rs 20: This multibagger micro-cap stock bags a new order worth Rs 1,01,66,230 from Larsen & Toubro!
-
Multibagger penny stock under Rs 60: This micro-cap construction company bags a new order worth Rs 7,15,00,000 from Tata Power Solar Systems!
-
Multibagger stock below Rs 100: This smallcap hotel stock surged 50 per cent in just 5 days! Do you own it?
-
Bulk deals happened in this multibagger penny stock in just one day; check it out!
-
Penny Stock Under Rs 20: This Multibagger Steel Company's Stock Surges 10 per cent and Hits Upper Circuit Today, Stock Gains Over 190 per cent in Just 1 Year!
-
Under Rs 15: Penny Stock Likely to Be in Focus Tomorrow; FIIs Increase Stake by 2.4 Times - Keep It on Your Radar!
-
Under Rs 20 Stock: FIIs Increase Stake, Power Infrastructure Stock Rallied, Hit Upper Circuit on Friday; Keep an Eye on This for Monday
-
Debt-free penny stock under Rs 10; Board announces 1:2 bonus shares – Record date inside
-
Heavy buying: Back-to-back upper circuit in this multibagger penny stock; reports 187 per cent jump in PAT!
-
Penny Stock Under Rs 35: Heavy Buying, Upper Circuit; Profits Surge by 5,700 per cent; A Must-Watch!
-
Heavy buying: Back-to-back upper circuit in this multibagger penny stock; gains over 100 per cent!
-
5 Penny stocks rallied and hit 52-week highs today – Keep them on your radar for tomorrow!
-
5 Penny stocks rallied and hit 52-week highs today – Keep them on your radar for Monday!
-
Penny stock under Rs 5: Heavy buying, hits upper circuit today, Profits surged by 47 per cent in FY24; must watch!
-
5 Penny stocks rallied and hit 52-week highs today – Keep them on your radar for tomorrow!
-
Under Rs 60: This multibagger micro-cap solar company bags its first international order worth Rs 21,89,00,000, company to announce results tomorrow!
-
2:1 bonus share; 10:1 stock split: Multibagger penny stock at Rs 1.67 in green as it partners with FinTech – details inside!
-
Multibagger penny stock under Rs 70: This small-cap textile stock reports a 550 per cent increase in net profit!
-
2:1 Bonus Share & 10:1 Stock Split: Back-to-back upper circuits in this multibagger penny stock at 9.75 post bagging new order from Shri Mata Vashino Devi Shrine Board, J&K
-
Looking for penny stocks? Here are the 6 stocks you should keep an eye on!