{"id":7737,"date":"2021-08-18T07:04:02","date_gmt":"2021-08-18T07:04:02","guid":{"rendered":"https:\/\/dailynewsindia.co.in\/index.php\/2021\/08\/18\/elara-india-opportunities-fund-picks-up-a-stake-in-karda-constructions-ltd\/"},"modified":"2021-08-18T07:04:02","modified_gmt":"2021-08-18T07:04:02","slug":"elara-india-opportunities-fund-picks-up-a-stake-in-karda-constructions-ltd","status":"publish","type":"post","link":"https:\/\/dailynewsindia.co.in\/index.php\/2021\/08\/18\/elara-india-opportunities-fund-picks-up-a-stake-in-karda-constructions-ltd\/","title":{"rendered":"Elara India Opportunities Fund Picks up a stake in Karda Constructions Ltd."},"content":{"rendered":"<div class=\"dsprime\"><img decoding=\"async\" width=\"525\" height=\"350\" src=\"https:\/\/primexnewsnetwork.com\/wp-content\/uploads\/2021\/08\/Karda-Constructions.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"\" loading=\"lazy\" style=\"margin-bottom: 10px\" \/><\/div>\n<p><strong>Nashik, August 18:<\/strong> Elara India Opportunities Fund Ltd. has picked up a stake in BSE &amp; NSE listed Karda Constructions Ltd. (KCL) (BSE: 541161; NSE: KARDA), a leading real estate\u00a0developer. As per bulk deal data available on BSE, Elara India Opportunities Fund has picked up 961340 shares at Rs. 21.50 on August 17, 2021.<\/p>\n<p>Recently the company had announced excellent results for the quarter ended June 30, 2021. Total income rose from Rs. 1776.95 lakhs (Q1FY21) to Rs. 2028.76 (Q1FY22), a Y-O-Y increase of ~14%. The profit after tax (PAT) saw massive growth, from Rs. 174.46 Lakhs (Q1FY21) to Rs. 614.24 (Q1FY22), an increase of 252%.<\/p>\n<p>The company\u2019s business activity falls within two business segments \u2013 Development of Real Estate Properties and Civil Contracting Business.<\/p>\n<p>Karda Constructions Ltd is a First-Generation Construction Company in Maharashtra and Western India with a disciplined and professional approach. The company is founded and promoted by Mr. Naresh Karda in the year 2007. Promoter has an experience of more than 25 years in the construction industry. The company has established its brand name as \u201cHari\u201d for its entire project. The company has received an Award for the \u201cIconic Budget Home\u201d by Times Realty Icons Award 2019, Navi Mumbai &amp; Thane. The company also received an Award for the \u201cThe Most Preferred Real Estate Company\u201d of Nashik at the event \u201cMy Maharashtra Awards-2019\u201d.<\/p>\n<p>The company has a strong project pipeline of Rs 1,185 crore, of which 70% of the project will go live by 2025. The company has diversified revenue streams \u2013 civil contracts, joint development, government and private contract. Karda construction has 7 lakh square feet of land reserves with access to prime locations across Nashik district and other territories.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nashik, August 18: Elara India Opportunities Fund Ltd. has picked up a stake in BSE &amp; NSE listed Karda Constructions Ltd. (KCL) (BSE: 541161; NSE: KARDA), a leading real estate\u00a0developer. As per bulk deal data available on BSE, Elara India Opportunities Fund has picked up 961340 shares at Rs. 21.50 on August 17, 2021. Recently&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/dailynewsindia.co.in\/index.php\/2021\/08\/18\/elara-india-opportunities-fund-picks-up-a-stake-in-karda-constructions-ltd\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;Elara India Opportunities Fund Picks up a stake in Karda Constructions Ltd.&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":7738,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[54],"class_list":["post-7737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/7737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=7737"}],"version-history":[{"count":0,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/7737\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/7738"}],"wp:attachment":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=7737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=7737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=7737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}