CHD Developers Ltd. (CMP Rs 19.50)
The Company has entered into an agreement to develop a plot of approx 2.5 acres in Haridwar. Company is planning to construct a residential cum commercial complex first of its kind in Haridwar. Total saleable area will be 275,000 square feet approx. The Company is expecting to complete the complex in coming Two years and expecting to generate revenue of Rs 100-105 crores out of the project. The stock may react positively to the news.
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