Shraddha shares surge 5% on major redevelopment plan

Shares of Shraddha Prime Projects Ltd surged 5% after announcing a major redevelopment project in the Western Suburbs. The project includes 4,36,800 sq. ft. of residential and 34,382 sq. ft. of commercial space, with an estimated revenue of ₹1,200 crores over five years. Shraddha is an India-based infrastructure development company.