Ganesh Housing Corporation, a renowned real estate company based in Gujarat, has seen a decrease in its share price today, but it has given investors an impressive return of around 33% in this financial year alone. The company has also made long-term investors rich, with just a nominal investment of INR 16,000 turning into a crorepati. Ganesh Housing Corporation has not only relied on the increase in share prices but has also distributed dividends to its investors every year since 2004-05. Even in the current financial year, the company has declared a dividend of INR 2.40 for FY22-23, with a record date of September 1, 2023.
Details of Ganesh Housing Corporation:
– The company’s business started in 1965 and was listed in the market in 1991.
– Ganesh Housing Corporation has developed and sold 2.2 crore sqft of real estate space and is currently working on 3.5 crore sqft of space.
– In the quarter ending March 2023, the company reported a net profit of INR 79.64 crore, up from INR 6.81 crore in the same period last year. The revenue also increased from INR 17.62 crore to INR 199.31 crore in the same period.
Investors can be assured of the company’s stability as it has operated profitably for decades and has a history of providing consistent dividends. However, it is always advisable to consult a certified expert before making any investment decisions.
Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency of the government. The information provided in this article is for informational purposes only and is not intended as investment advice.
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