Touchwood wins DMRC property development contract at Mohan Estate station
TOUCHWOOD · price
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On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 2.9 pts less than its Other Consumer Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Touchwood Entertainment, as lead member of a consortium (70%) with Hometown Properties (30%), received a Letter of Acceptance from Delhi Metro Rail Corporation for property development on an 8,903.77 sq mtr land plot at Mohan Estate Metro Station on Line-6 of the Delhi Metro Network. No order value was disclosed in the filing.
Adds a new government-backed revenue stream, though lack of disclosed value limits visibility on financial impact.