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Shriram Properties is currently trading at Rs. 65.40, up by 1.43 points or 2.24% from its previous closing of Rs. 63.97 on the BSE.

The scrip opened at Rs. 64.99 and has touched a high and low of Rs. 65.79 and Rs. 64.84 respectively. So far 14664 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 94.10 on 13-Sep-2022 and a 52 week low of Rs. 53.25 on 29-Mar-2023.

Last one week high and low of the scrip stood at Rs. 65.79  and Rs. 62.54 respectively. The current market cap of the company is Rs. 1087.61 crore.

The promoters holding in the company stood at 28.00%, while Institutions and Non-Institutions held 13.19% and 58.80% respectively.

Shriram Properties (SPL) has acquired 100% development rights in an ongoing project at Chennai, through its wholly owned subsidiary, Shrivision Elevations. The Project, named ‘Divine City’, is an approved residential development with aggregate saleable area of 3.2 msf, to be developed in 3 phases. The first phase with 1.3 msf area was already launched by the erstwhile owners under the brand ‘Shriram Divine City’, with SPL as the Development Manager (DM). 

The project was launched pre-covid and received good response with around 60% of Phase-1 sold within a short period of time. The remaining two phases (1.9 msf area) is yet to be launched. Given the change in partner’s market strategy, the erstwhile owners have decided to monetise their development rights in the remaining phases of the project, with 1.9 msf of saleable area. The Chennai market is a big continuing growth opportunity for SPL, given its strong market positioning and positive demand trends. SPL is among top 5 developers in Chennai and has strong volume trends in recent years. 

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.