Mahindra Lifespace Developers is currently trading at Rs. 516.15, up by 6.10 points or 1.20% from its previous closing of Rs. 510.05 on the BSE.
The scrip opened at Rs. 507.80 and has touched a high and low of Rs. 527.30 and Rs. 501.70 respectively. So far 1901 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 527.30 on 26-Feb-2021 and a 52 week low of Rs. 171.20 on 07-May-2020.
Last one week high and low of the scrip stood at Rs. 527.30 and Rs. 460.00 respectively. The current market cap of the company is Rs. 2660.37 crore.
The promoters holding in the company stood at 51.46%, while Institutions and Non-Institutions held 26.89% and 21.65% respectively.
Mahindra Lifespace Developers has acquired 7.89 acres of land to develop a residential project in Bengaluru. The project will offer about 5 lakh sq ft of carpet area. The launch of the project is planned for FY 2022.
Bengaluru is one of the most stable residential real estate markets in India and a priority city for the growth of our residential business. The company’s latest land acquisition in the city is in line with its strategy of deepening its presence in well-established, end-user driven markets with a track record of quick absorption and consistent demand for high-quality residences by trusted brands.
Mahindra Lifespace Developers is the real estate and infrastructure development business of the $19 billion Mahindra Group, and a pioneer of sustainable urbanization in India.
No comments:
Post a Comment