There is a lot of momentum in the growth of real estate sector in the country. Due to which the shares of these companies are also seeing an increase. Recently ETT Real Estate Company has received an order worth Rs 114 crore from Dubai. Due to which an increase is being seen in the shares of the company. According to experts, the company’s shares may rise by 5 times in the coming six years and investors may get huge profits. Let us also tell you how much the company’s share is worth at present and how the share can see a rise.
Received order worth Rs 114 crore
ETT Limited has received a construction order worth Rs 114 crore from a Dubai company. In a strategic move, ETT Limited has announced plans to raise significant capital of Rs 45 crore through preferential allotment from prominent fund houses. The company can use this money to complete its projects. Due to which the shares of the company are seeing a rise.
May issue bonus shares soon
The recent construction order is not the only achievement in the success of ETT Limited. The company’s book value of Rs 32 per share shows that the stock is currently undervalued, which can provide an earning opportunity for investors. ETT Limited has a strong financial position, healthy reserves of Rs 28 crore. Also the company has no debt. ETT Limited may also announce bonus shares soon. With a strong balance sheet and debt free position, the company is considering this move to further enhance its appeal among investors.
Company’s shares may rise 5 times
At present the share of ETT Limited is at Rs 20. Experts say that the company’s share can reach Rs 100 in the next 6 years. This means that investors can get 500 percent i.e. 5 times return from this share. If we talk about today, the company’s shares closed at flat Rs 19.40 on BSE and the market cap of the company is Rs 20.12 crore.
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