{"id":120777,"date":"2024-03-14T13:01:43","date_gmt":"2024-03-14T07:31:43","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=120777"},"modified":"2024-03-14T14:02:13","modified_gmt":"2024-03-14T08:32:13","slug":"realty-stock-jumps-10-after-it-launched-new-residential-project-in-bengaluru","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/realty-stock-jumps-10-after-it-launched-new-residential-project-in-bengaluru\/","title":{"rendered":"Realty stock jumps 10% after it launched new residential project in Bengaluru\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3441269655\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of this leading residential real estate development firm surged 10 percent to \u20b9106.65 per share on Thursday after launching its new residential project, near Electronic City in Bengaluru.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4143305231\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 12:15 p.m., Shriram Properties Ltd. shares were trading at \u20b9104.75 a share, up 8.27 percent over the previous close price. The company has a market capitalization of \u20b91,788 crore on the stock exchange.\u00a0<\/p><p>Shriram Properties launched a new residential project under the \u201cCodename Ultimate,&#8221; near Electronic City, Bengaluru, with a project revenue potential of \u20b9350 crores.&nbsp;<\/p><p>The project is being developed under the joint development model, with an aggregate saleable area of around 5.0 lakh square feet. This 400+ unit Balinese-themed project, characterised by its tranquil and harmonious ambiance, prioritizes open spaces, encompassing over 70% of the total area. Company reported.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3657311640\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Shriram Properties has a strong familiarity with this micromarket, as the company has already completed and delivered over 2,700 units across 3 projects (Shriram Summit, Shriram Signiaa, and Shriram Smirithi) in this neighbourhood during the last 3-5 years.&nbsp;<\/p><p>Shriram Properties is a part of the Shriram Group. Which is engaged in the business of construction, development, and sale of all or any part of housing projects, including mid-market premium, and luxury housing, as well as commercial &amp; office space categories.&nbsp;<\/p><p>The company has experienced a 26 percent year-on-year revenue increase, rising from \u20b9176 crore in Q3FY23 to \u20b9221 crore in Q3FY24. Additionally, the net profit has declined by 18 percent, from \u20b922 crore to \u20b918 crore.&nbsp;<\/p><p>Shriram Properties has completed 40 projects spanning a saleable area of 22.4 million square feet, primarily located in Bengaluru and Chennai. Additionally, as of December 31, 2023, the companympany possesses an extensive development pipeline consisting of 49 projects with a combined development potential of 52.7 million square feet.<\/p><p>During the third quarter of the fiscal year 2024, the company experienced a growth in sales volume of 6% compared to the previous year, equating to 1.11 million square feet. Additionally, there was a notable increase in sales collection, rising by 34% year on year.&nbsp;<\/p><p>The majority of the company&#8217;s projects are sold in Bengaluru, accounting for 56%, followed by 34% in Chennai, and 9% in Kolkata.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-2353397275\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>Written by Omkar Chitnis&nbsp;<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3555926704\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of this leading residential real estate development firm surged 10 percent to \u20b9106.65 per share on Thursday after launching its new residential project, near Electronic City in Bengaluru.&nbsp; At 12:15 p.m., Shriram Properties Ltd. shares were trading at \u20b9104.75 a share, up 8.27 percent over the previous close price. The company has a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":82782,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-120777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Realty stock jumps 10% after it launched new residential project in Bengaluru\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of this leading residential real estate development firm surged 10 percent to \u20b9106.65 per share on Thursday after launching its new residential project, near Electronic City in Bengaluru.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/realty-stock-jumps-10-after-it-launched-new-residential-project-in-bengaluru\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Realty stock jumps 10% after it launched new residential project in Bengaluru\u00a0\" \/>\n<meta property=\"og:description\" content=\"The shares of this leading residential real estate development firm surged 10 percent to \u20b9106.65 per share on Thursday after launching its new residential project, near Electronic City in Bengaluru.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/realty-stock-jumps-10-after-it-launched-new-residential-project-in-bengaluru\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-14T07:31:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-14T08:32:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/real-estate-building-cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/realty-stock-jumps-10-after-it-launched-new-residential-project-in-bengaluru\/\",\"url\":\"https:\/\/tradebrains.in\/features\/realty-stock-jumps-10-after-it-launched-new-residential-project-in-bengaluru\/\",\"name\":\"Realty stock jumps 10% after it launched new residential project in Bengaluru\u00a0 - 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