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Shriram Properties is currently trading at Rs. 75.55, up by 0.95 points or 1.27% from its previous closing of Rs. 74.60 on the BSE.

The scrip opened at Rs. 75.30 and has touched a high and low of Rs. 75.75 and Rs. 75.25 respectively. So far 160 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 115.75 on 20-Jan-2022 and a 52 week low of Rs. 59.60 on 26-May-2022.

Last one week high and low of the scrip stood at Rs. 77.75 and Rs. 73.90 respectively. The current market cap of the company is Rs. 1267.93 crore.

The promoters holding in the company stood at 28.00%, while Institutions and Non-Institutions held 48.34% and 23.65% respectively.

Shriram Properties and ASK Property Fund (ASK) have signed a Memorandum of Understanding (MoU) for setting up an investment platform for acquisition of residential real estate projects. Under the platform arrangement, Shriram and ASK will co-invest in plotted and residential developments projects in Bengaluru, Chennai, and Hyderabad. Aggregate commitments towards the platform will be up to Rs 500 crore and the committed capital is expected to be deployed over the next 12 months. ASK will invest through its managed Category II AIF.

Shriram and ASK have already committed their first investment under the new platform for a plotted development project in North Bangalore. The platform will invest up to Rs 125 crore towards acquisition and development of this project that already has necessary approvals and also partially completed infrastructure development. The proposed project is to be launched during Q3 FY23, with saleable area of approximately 8 lakh square feet.

Shriram Properties is one of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories.