Shriram Properties soars on launching new project under `Codename - Pudhiya Chennai`
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Shriram Properties is currently trading at Rs. 132.25, up by 2.00 points or 1.54% from its previous closing of Rs. 130.25 on the BSE.
The scrip opened at Rs. 131.70 and has touched a high and low of Rs. 134.00 and Rs. 127.60 respectively. So far 255869 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 147.50 on 05-Sep-2024 and a 52 week low of Rs. 81.84 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 136.60 and Rs. 123.40 respectively. The current market cap of the company is Rs. 2247.81 crore.
The promoters holding in the company stood at 27.94%, while Institutions and Non-Institutions held 4.28% and 67.77% respectively.
Shriram Properties (SPL) has launched a new project under the ‘Codename - Pudhiya Chennai’, a prestigious apartment project situated in the vibrant Thirumazhisai neighbourhood of Chennai. Strategically located in the rapidly growing West Chennai corridor, this RERA-approved development offers a total saleable area of 1.1 sq. ft and has a revenue potential of around Rs 550-600 crores. This new offering from Shriram Properties presents a compelling opportunity for buyers.
‘Codename Pudhiya Chennai’, a thoughtfully crafted apartment project offering two and three-bedroom units, is designed to optimize space utilization and features modern, sleek aesthetics with premium finishes. The apartments are well-ventilated and vastu-compliant, promoting a balanced and harmonious living experience. The project offers a diverse range of amenities to suit all age groups and lifestyles, from state-of-the-art fitness centers and lush landscaped leisure spaces to a grand clubhouse, ensuring a comfortable and vibrant lifestyle.
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.
