Government of Singapore held 4.28 percent shareholding in Phoenix Mills as of December 2022.

Bulk Deals: Singapore Govt offloads Phoenix Mills stake for Rs 670 cr, WSI WSQI exits Shriram Properties

Private equity firms Walton Street Capital and Starwood Capital sold approximately 14.3% of their stake in Shriram Properties in a block deal worth over INR 133 crore on the National Stock Exchange, signaling investor confidence in real estate equities. Shriram Properties’ operational revenue for Q3…

Walton Street Capital, Starwood Capital sell their stake in Shriram Properties

ver 2.4 crore shares of Shriram Properties or 14.1% of its equity changed hands in a block deal on the NSE on Friday for a total value of around Rs ₹134 crore, exchange data showed.

Shriram Properties’ shares rise over 10% in morning trades on block deal

Shareholding data as of December 2022 end shows WSI/WSQI V (XXXII) Mauritius Investors Ltd held 14.27 percent stake in the company

Shriram Properties gains after huge block deal; strategic investor likely picks stake

Admitting that there were job losses and interest rates had gone up, M Murali, chairman and managing director of Shriram Properties told businessline that this would not have a big impact on India and home-buying sentiments.

Shriram Properties sees no impact of job losses, high mortgage rates, on housing demand

Listed residential realtors like Godrej Properties, Prestige Estates, Puravankara, Shriram Properties and Tata Realty are expected to clock sales growth of 25% on-year in FY23 and 10-15% on the high base in FY24.

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The transaction involves capital commitment of up to Rs 125 crore towards the acquisition and development of the project.

Shriram Properties acquires stress project in Bengaluru

IRCTC, SBI, Poonawalla Fincorp, JB Pharma, Glenmark Pharma, AstraZeneca, VRL Logistics, Power Grid, PTC India, Thermax, Wipro, Tata Motors, Biocon, IDBI Bank, ZEE, NTPC, Kamat Hotels, Indian Metals & Ferro Alloys, Shriram Properties

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The transaction involves the acquisition and development of “Golden Ira”, a plotted development project of the Golden Gates Group that was a stressed asset with lending entities part of the IIFL Group.

Shriram Properties acquires Rs 125 crore development project from IIFL

Hasn't faired well - amongst the low performers

Performance

Can be considered moderately valued vs the market

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Shriram Properties Ltd is focused on the mid-market and affordable housing categories. It also presents in the mid-market premium and luxury housing categories, commercial and office space category as well as plotted development category.