Karda Constructions shines on launching residential cum commercial Project
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Karda Constructions is currently trading at Rs. 124.60, up by 5.20 points or 4.36% from its previous closing of Rs. 119.40 on the BSE.
The scrip opened at Rs. 125.35 and has touched a high and low of Rs. 125.35 and Rs. 118.50 respectively. So far 8923 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 139.45 on 23-Feb-2021 and a 52 week low of Rs. 22.42 on 30-Apr-2020.
Last one week high and low of the scrip stood at Rs. 126.90 and Rs. 109.35 respectively. The current market cap of the company is Rs. 770.29 crore.
The promoters holding in the company stood at 62.72%, while Institutions and Non-Institutions held 5.89% and 31.39% respectively.
Karda Constructions is launching residential cum commercial Project Hari Samarth on Land parcel of 4462 sq mtrs in Nashik Road (East). Project will be combination of Residential cum commercial properties.
Project is located at Nashik Road East on the Land abutting Nashik Pune National Highway. The Nashik Pune Highway widening work has been completed now, which will provide big boost for commercial properties. The Residential properties are under the brand of capsule Homes, the affordable segment of the company. The project will have approx 35000 sqft of Commercial & 1,17,500 sq ft of residential development.
Karda Constructions is primarily in construction of residential projects and recently they have been innovative in their approach to push the affordable housing segment by coming up with schemes such as ‘Capsule Homes’.
