Introduction:
Leading real estate and fertilizer firm is set to expand its ANCHAVIYO Resort, enhancing its offerings for weddings, corporate events, and tourism. This ambitious project aligns with the Government’s “Wed in India” initiative, with significant investments and new facilities planned.
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Share price movement of Bharat Agri:
On December 9, 2024, Bharat Agri Fert & Realty Ltd opened at ₹80.00, up 1.61% from its previous close of ₹78.73. The stock reached a high of ₹85.00 (8.02%) and a low of ₹78.00. By 1:46 PM, it traded at ₹79.75, a 1.30% increase, with a market cap of ₹421.52 crore.
Bharat Agri Announces Expansion Plans
Bharat Agri Fert & Realty Ltd is embarking on an ambitious expansion of its hospitality division, focusing on the ANCHAVIYO Resort. The expansion will cater to weddings, corporate events, and tourism, in line with the Government’s “Wed in India” initiative.
The resort’s expansion includes 130 new rooms, a 10,000 sq. ft. restaurant, a sports bar with arcade games, and a state-of-the-art terrace spa. New additions like an island pool and banquet hall will enhance its appeal as a premier event destination.
The estimated cost of the expansion is Rs. 85 Crores, with Rs. 25 Crores already secured from NKGSB Bank. Another Rs. 32.5 Crores is expected by December 2024. The project is scheduled to complete by March 2026, benefiting from government incentives.
Recent news on Bharat Agri:
As of November 21, 2024, Bharat Agri Fert & Realty Ltd reported a 30.31% increase in net sales to ₹6.57 crore for Q2 FY24. However, the company posted a net loss of ₹2.27 crore, marking a slight improvement year-on-year.
Stock performance of Bharat Agri for Period of 1 week, 6 months and 1 year:
Bharat Agri Fert & Realty Ltd has shown a 11.9% return over the past week. However, its performance over the last six months and one year has been negative, with returns of -19.1% and -26.7%, respectively.
Shareholding pattern of Bharat Agri:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 67.90% | 67.90% | 67.90% |
| FII | 0.00% | 0.00% | 0.00% |
| DII | 0% | 0.10% | 0% |
| Public | 32.10% | 32.00% | 32.10% |
About Bharat Agri:
Bharat Agri Fert & Realty Ltd (BSE: 531862) was incorporated in 1959 and initially focused on fertiliser manufacturing. It later expanded into construction, real estate, and resort operations. The company merged with Patel Packaging Industries to enhance efficiency and reduce costs.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
