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Vijay Shanthi Builders Zooms 20% on New Project Launch
Vijay Shanthi Builders is locked at the 20% upper circuit at Rs 43.50 after the company has signed a Memorandum of Understanding (MoU) for a Rs 70 crore project at Kilpauk located in the heart of Chennai city.
"The company has acquired two acres in Tambaram, 7.5 acres in Ambattur and 6.5 grounds in Pursavakkam for residential projects. All the investments would be funded through debt and internal accruals," the report suggest.
The trading volumes on the counter jumped almost thirteen-fold with 177,000 shares changing hands so far as compared to 14,000 shares traded daily in past two-weeks. There are pending orders for 53,861 shares on the BSE.
For more to know visit @ http://www.vijayshanthibuilders.com/
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About VS builders :
For over two decades, Chennai, South India's largest City has witnessed a dramatic transformation in it's people's lifestyle. We, at Vijay Shanthi have been privileged to play a constructive role in this mammoth evolutionary exercise. We are a professionally managed company that has placed client satisfaction above all else. We have a commitment to excellence that greets our customers at the doors of every Vijay Shanthi home, each day of the year.