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CHD Developers gains on purchasing 10.5 acres of land in Gurgaon

10 Mar 2014

CHD Developers is currently trading at Rs. 5.14, up by 0.29 points or 5.64% from its previous closing of Rs. 5.14 on the BSE.

The scrip opened at Rs. 5.14 and has touched a high and low of Rs. 5.14 and Rs. 5.14 respectively. So far 200 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 7.39 on 26-Dec-2013 and a 52 week low of Rs. 3.23 on 01-Apr-2013.

Last one week high and low of the scrip stood at Rs. 5.34 and Rs. 4.80 respectively. The current market cap of the company is Rs. 58.39 crore.

The promoters holding in the company stood at 69.27% while Institutions and Non-Institutions held 0.04% and 30.69% respectively.

Realty firm CHD Developers has bought 10.5 acres of land in Gurgaon for about Rs 300 crore to develop a housing project. The national capital-based developer is already developing two projects in Gurgaon and is looking to expand presence in the city. The company has bought this land for about Rs 300 crore and the payments have been made through internal accruals and bank debt. The land parcel is located in the vicinity of it’s another residential project at Sector 71, Sohna road, Gurgaon.

The company is currently developing a housing project on Dwarka Expressway comprising 600 units and a 250 acres integrated township at Karnal. Two projects- a commercial complex with 2.1 lakh sq ft of saleable area on Dwarka Expressway and a group housing with 1,800 apartments on Sohna Road - are in pipeline.

CHD Developers has established state of the art high quality residential, commercial complexes and townships.

Related CHD Developers Ltd. Links:

CHD Developers Share Price

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