Shriram Properties surges on reporting 27% rise in sales bookings during April-September 2022
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Shriram Properties is currently trading at Rs. 74.45, up by 0.60 points or 0.81% from its previous closing of Rs. 73.65 on the BSE.
The scrip opened at Rs. 75.00 and has touched a high and low of Rs. 75.10 and Rs. 74.15 respectively. So far 3335 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. 76.05 and Rs. 72.20 respectively. The current market cap of the company is Rs. 1270.48 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 has reported a 27% increase in sales bookings to Rs 747 crore during the first six months of this fiscal year. The company has achieved a 52% rise in sales volume at 1.01 million square feet in the second quarter of FY23 as compared to 0.66 million square feet in the first quarter of the same fiscal. Aggregate sales value stood at Rs 435 crore in second quarter, reflecting a growth of 39% against Rs 313 crore in the first quarter of FY23. During the first six months of FY23, the company reported sales volume of 1.67 million square feet over 1.56 million square feet in H1 of FY22.
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.
