{"id":121728,"date":"2024-04-03T14:54:56","date_gmt":"2024-04-03T09:24:56","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=121728"},"modified":"2024-04-03T15:51:15","modified_gmt":"2024-04-03T10:21:15","slug":"realty-stock-jumps-4-2-after-being-appointed-as-developer-for-premier-projects-in-mumbai","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/realty-stock-jumps-4-2-after-being-appointed-as-developer-for-premier-projects-in-mumbai\/","title":{"rendered":"Realty stock jumps 4.2% after being appointed as developer for premier projects in Mumbai\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2955242540\"><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 realty stock that is engaged in the business of Real Estate Development projects gained by 4.2 percent to \u20b9179.70 per share on wednesday following its appointment as the Developer for prestigious projects in Mulund West, Mumbai.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4004754196\"><!-- 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 2:25 p.m, Shraddha Prime Projects Ltd shares were trading at \u20b9179.70 per share, up 4.23 percent from the previous close price on the national stock exchange. The company has a market capitalization of \u20b9363 crore.&nbsp;<\/p><p>As per the company\u2019s exchange filing, Shraddha Prime Projects Limited has been selected as the developer for prestigious residential complexes situated on Goshala Road, Mulund West, in the eastern segment of Mumbai. Spanning approximately 5,865 square meters, the project features a multi-storied tower.&nbsp;<\/p><p>This appointment comes through a resolution passed by the concerned societies, marking a significant milestone for both the developer and the project stakeholders. The project will commence in this financial year.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1188113028\"><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>The company&#8217;s financials experienced significant growth, with revenue surging by 254% from \u20b911 crores in Q2 FY24 to \u20b939 crores in Q3 FY24. Concurrently, net profit soared by 400% from \u20b92 crores to \u20b910 crores during the same period.&nbsp;<\/p><p>In the past six months, shares of Shraddha Prime Projects Ltd. have seen a remarkable appreciation of 337%, while over the last year, they have surged by an astounding 817%. To illustrate, if an investor had put \u20b91 lakh into the company&#8217;s shares a year ago, it would now be valued at \u20b99.17 lakhs.&nbsp;<\/p><p>Shraddha Prime Projects Ltd is in the business of Real Estate Development. which involves developing, leasing, constructing, and reconstructing, etc. residential projects in India. The company has more than 7 Development projects under construction.&nbsp;<\/p><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-523641000\"><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 realty stock that is engaged in the business of Real Estate Development projects gained by 4.2 percent to \u20b9179.70 per share on wednesday following its appointment as the Developer for prestigious projects in Mulund West, Mumbai.&nbsp; At 2:25 p.m, Shraddha Prime Projects Ltd shares were trading at \u20b9179.70 per share, up 4.23 percent from [&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-121728","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) - 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