GOCL Corporation shares surged over 3% following an update on the company’s ongoing land monetization at Kukatpally, Hyderabad. As of 1:15 PM, the shares were trading 2.44% higher Rs 373.00.
The company had previously planned to complete the sale of its entire 264.5-acre land parcel in about 18 months. So far, 142 acres have been successfully monetized.
In a recent announcement, GOCL Corporation revealed that, by mutual consent with Squarespace Builders Private Limited, the timeline for selling the remaining land has been extended to August 2026. Investors reacted positively, reflecting confidence in the company’s asset realization strategy.
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