Shriram Properties Limited announced impressive first-quarter results. Net profit rose 18% to ₹20.6 crore. Total revenue reached ₹261.5 crore, a 24% increase. Revenue from operations jumped 57%. This growth was driven by successful project handovers. The company is expanding its project pipeline. They are evaluating multiple projects. CMD Murali M attributed the success to strong execution.
F&O Talk: Nifty charts suggest further consolidation; Sudeep Shah’s strategy on Cohance, HEG and 4 more stocks
Indian markets corrected amid volatility, with Nifty entering a consolidation phase after a sharp April rally. Technical indicators suggest a range-bound trend with key support