Karda Constructions is currently trading at Rs. 105.60, up by 4.95 points or 4.92% from its previous closing of Rs. 100.65 on the BSE.
The scrip opened at Rs. 105.65 and has touched a high and low of Rs. 105.65 and Rs. 103.00 respectively. So far 3687 shares were traded on the counter.
The BSE group 'T ' stock of face value Rs. 2 has touched a 52 week high of Rs. 105.65 on 21-Sep-2020 and a 52 week low of Rs. 17.80 on 18-Dec-2019.
Last one week high and low of the scrip stood at Rs. 105.65 and Rs. 81.00 respectively. The current market cap of the company is Rs. 633.45 crore.
The promoters holding in the company stood at 65.16%, while Institutions and Non-Institutions held 0.28% and 34.55% respectively.
Karda Constructions has commenced the construction work of building Destination One Mall, against the work order awarded by Shree Sainath Land & Development (India). The work order is of worth Rs 330.00 million.
The company as on the current date has total contracts orders worth Rs 1835.14 million in hand including the above mentioned contract. The forward integration to contractual construction, enables the company to mitigate the risk of dependency on the cyclical nature of real estate business, and also widens its reach with minimal capital requirements.
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’.
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