Our diversification into horizontal developments over the last 1 year is going to increase our offering base across MMR. With key infrastructure projects like MTHL nearing completion, the City of Navi Mumbai is poised for exponential growth. With this acquisition the company will enhance its portfolio into Horizontal Developments which is the new trend in Residential format. With this our total land bank set to cross 335+ acres and our estimate projects surrounding the Navi Mumbai International Airport & MTHL would total to a gross development potential of 12 million sq. ft. The due-diligence is underway for the new acquisition and we expect to complete the transaction within 6 months.

The stock gave multibagger returns of 435 per cent in just 1 year and a whopping 1,600 per cent in 3 years.

These investment avenues offer the potential for wealth maximization alongside the growth of the real estate sector, mitigating concentration risks and requiring smaller initial investments. 

Stock price experienced a dynamic intraday session, opening at Rs 21.65 and reaching a high of Rs 25.8, while also encountering a low of Rs 21. The closing price settled at Rs 25.8, marking a notable 20 per cent change from the previous close of Rs 21.5. The market capitalization for the company stands at Rs 12,852.15 crore

The response from retail investors has been nothing short of phenomenal, with a subscription rate of 1,311.10 times in the retail category. The non-institutional bidders (NII) category has witnessed an astonishing subscription rate of 1668.97 times.

The stock gave multibagger returns of 190 per cent in just 3 months and over 440 per cent in 6 months.

VST Industries Ltd, Alok Industries Ltd and Meghmani Organics Ltd were among the top gainers on the BSE Smallcap index!

On the sectoral front, the indices were trading mixed with the BSE Healthcare Index being the top gainers and the BSE Capital Goods Index being the top losers.

On January 01, 2024, foreign institutional investors (FII) offloaded shares worth Rs 855.80 crore, while domestic institutional investors (DII) purchased shares worth Rs 410.46 crore.

Shares of the company grew by more than 20 per cent in the last one year.