Meghna Infracon Enters Mumbai Real Estate Market with Rs 400 Million Revenue Project
Meghna Infracon Infrastructure Limited has secured a redevelopment agreement for a residential project in Model Town, Lokhandwala, Andheri (West), Mumbai, expected to generate revenue of Rs 400 million.
Meghna InfraconMumbai Real EstateResidential ProjectRedevelopment AgreementMicrocap StockReal Estate MumbaiAug 26, 2024
This strategic move marks a significant expansion of Meghna Infracon's portfolio and solidifies its position as a leading player in the Mumbai real estate market.
Commenting on this development, Mr. Vikram Jayantilal Lodha, Managing Director said, “This development aligns seamlessly with our commitment to creating iconic developments that offer a superior living experience. We look forward to delivering yet another benchmark project that reflects our commitment to excellence”
About Meghna Infracon Infrastructure Limited
Meghna Infracon Infrastructure Limited (Script Code-538668), is an emerging name in real estate development across the residential sector in the Western Mumbai region. The company has residential projects located in the premium location of Goregaon and Andheri where they have established their presence. The company is primed for ongoing success and expansion within the real estate sector.
The company has a market cap of Rs 563 crore and working capital requirements have reduced from 229 days to 91.7 days. The shares of the company have an ROE of 28 per cent and an ROCE of 21 per cent. The stock gave multibagger returns of 200 per cent in just 1 year; 1,000 per cent in 2 years and a whopping 4,570 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer The article is for informational purposes only and not investment advice.
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Frequently Asked Questions
What is the expected revenue from the residential project in Model Town, Lokhandwala, Andheri (West), Mumbai?
The company anticipates the project to generate revenue of approximately Rs 400 million.
What is the market cap of Meghna Infracon Infrastructure Limited?
The company has a market cap of Rs 563 crore.
What are the returns on equity (ROE) and return on capital employed (ROCE) of Meghna Infracon Infrastructure Limited?
The shares of the company have an ROE of 28 per cent and an ROCE of 21 per cent.
What is the stock performance of Meghna Infracon Infrastructure Limited?
The stock gave multibagger returns of 200 per cent in just 1 year; 1,000 per cent in 2 years and a whopping 4,570 per cent in 3 years.
Is the article an investment advice?
No, the article is for informational purposes only and not investment advice.
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