This small-cap infrastructure company with revenue potential of Rs 2,081.8 crore announced across 118 Acres; stock price soared 11 per cent in a day!
This small-cap infrastructure company with revenue potential of Rs 2,081.8 crore announced across 118 Acres; stock price soared 11 per cent in a day!

This small-cap infrastructure company with revenue potential of Rs 2,081.8 crore announced across 118 Acres; stock price soared 11 per cent in a day!

Stock opened at Rs 275.9 and reached a high of Rs 324.9, displaying volatility with a low of Rs 265. The closing market price (CMP) settled at Rs 306, showcasing a notable surge of 11.72 per cent from the previous day's closing of Rs 273.

Prajwal Wakhare Article rating: 4.4

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.

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