Karda Constructions Limited has commenced the construction work of building Destination One Mall, against the work order awarded by Shree Sainath Land & Development (India) Private Limited. The work order is of worth Rs. 330.00 Million.
The company as on the current date has total contracts orders worth Rs. 1835.14 Million in hand including the above mentioned contract The forward integration to contractual construction, enables the company to mitigate the risk of dependency on the cyclical nature of real estate business, and also widens its reach with minimal capital requirements.
Shares of Karda Constructions Ltd was last trading in BSE at Rs.102 as compared to the previous close of Rs. 100.65. The total number of shares traded during the day was 4103 in over 39 trades.
The stock hit an intraday high of Rs. 105.65 and intraday low of 101.05. The net turnover during the day was Rs. 431842.